9 Glass Street

Ashmore QLD 4214

140 m²

695 m²

House

Currently for sale - view listing

Overview

Blue-Chip Corner Allotment - Rare Development Site - Perfect For Owner Occupiers Or Investors

This is a rare opportunity to secure a blue-chip property in a sought after location. Positioned on a generous 695m2 corner allotment located directly across the road from the road from 9 acres of beautiful parkland. This property will be appealing to both savvy investors who want to capatilise on the development opportunity to subdivide into 2 separate lots (STCA) or someone wanting to owner occupy a charming single level 3 bedroom home. Corner lot with the potential to subdivide into 2 separate lots and construct 2 freestanding homes (as seen in the renders) subject to council approval 'STCA'. Under the government's new budget, any sites that are deemed to be adding to housing supply qualifies the newly constructed homes to qualify for negative gearing. A new home benefit greatly from a significant depreciation schedule of approximately $20,000 - $30,000 per annum that can be offset against your rental income every year for the first 10 years and then scaling back after 10 years Appraisal on the newly developed homes is approximately $1,700,000 - $1,900,000 and a rental appraisal of $1500 - $1600 per week Rental appraisal for existing home - $900 - $1000 per week. Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.