What a prospect this property is. A huge 2,524m2 block of land with a bonus house to live in or rent while you make your final development plans. In the past, the site has had a Development Approval issued to split the block into a four-residence subdivision. You could re-engage with the local council to reinstate an approval if you desire otherwise you can enjoy a huge block in the middle of town. Make your plans now on how you will take this site and turn it into future profit. This is the perfect location for your development, being just a short walk to the CBD, school and Muller's Lagoon parkland. Positioned in a quiet area, your future residents will be very happy in this location. In recent years, the Queenslander home has undergone an extensive renovation to include a new roof, new windows, 10kw solar system, an updated kitchen and bathroom, along with repainting and refreshing the timber floors throughout. The owners have also added an additional room at the rear of the home; this space is not approved by the council, but could be a very helpful addition for those with extended family needs. This property is ready to move into right away without delay.
Looking for more bonuses, the Seller was about to construct a 7mtr x 7mtr colourbond shed on this property before they took a different path. The shed kit is being left onsite for the new owner to gain approvals and construct at their leisure, a huge added value to the new owner. The block offers a 25 metre frontage whilst being 100 metres deep. YES - 100 METRES!! Ample room for easy access and a potential for a very profitable development. Zoning for this site is 'Low to Medium Density Residential' according to the Whitsunday Regional Council plan.
THE FIGURES:
Rent Appraisal: $565 per week
Rates: $2,082 per six-monthly billing cycle
Contact me now and we can start discussing your future plans for this property.
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