Only 4.5km from the CBD, this prime development site features DA approval for three brand new dwellings. Occupying a 647sqm block in a sought-after pocket of Morningside, approval is in place for 1x two-storey house at the front and 2x tri-level townhouses at the rear.
Perfect for developers and investors wishing to capitalise on the versatile lot, this spectacular setting offers excellent access to transport, shops, schools, parkland and the city. Alternatively, families can build their dream home and occupy the entire allotment (*) or add additional investments at the rear.
Currently situated on the 647sqm block is a low set duplex rented by two tenants for $550/week total. With the potential to upgrade the existing property, you can continue to rent out the dwellings and reap solid returns while you landbank.
Property highlights include:
- 647sqm allotment zoned LMR2 just 4.5km from the CBD
- DA approval and plans already in place for 1x two-storey house and 2x tri-level townhouses
- Existing low set duplex returning $550/week total – each with 2 bed, 1 bath, 1 car
- Outstanding potential and endless possibilities to develop, invest and build
Located within a highly desirable inner-city setting in a well-developed street, this site is only 500m from Morningside station and easy walking distance to bus stops, Morningside Central and a selection of café, shopping and dining options throughout the suburb.
With the lifestyle precincts of Hawthorne and Oxford Street moments away, residents will also enjoy quick access to Cannon Hill Plaza and Westfield Carindale. Close to parks, Seven Hills Reserve, Seven Hills State School and childcare, families are close to renowned private schools, including Churchie, Lourdes Hill and Villanova. An exceptional opportunity only 10 minutes from the CBD – don't let this property pass you by.
*Subject to Brisbane City Council approval
Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
