SoldJul 13, 2020

126 Bumstead Rd, Park Ridge, QLD, 4125

$650,000

4
1
2
30300 m²

House

30+ days on the market

Sold: Jul 13, 2020

What's around 126 Bumstead Rd

BUY. SUBDIVIDE. SELL. RETIRE!

- NOT that straight forward no but, at the price in which you stand to pick this up for this IS going to be one hell of a great start! An opportunity that will propel you forward. Nestled on over 30,000m2 with over 80m frontage this acreage is zoned 'Low Density Residential' and subject to council approval you can subdivide to a minimum average of 350m2 lots here. They are selling well too. The existing four bedroom one bathroom home with shed's and storage has long term tenants currently paying $400pw and they are also happy to stay on. Local developers have been busy in the area having already sold hundreds maybe thousands of homes now that the area's really opened up and thriving. This is a rare opportunity for land bankers and developers with an eye to the immediate future to secure a development site with established income. Located approx. 8-12 min drive to Park Ridge Town Centre, Park Ridge Tavern, Waterford Plaza, Browns Plains Grand Plaza Shopping Centre, Event Cinemas, Greenbank RSL and Logan Hospital. All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

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