552 Sherwood Road, Sherwood, QLD, 4075 - Land Sold on 16 11 2015

SoldNov 16, 2015

552 Sherwood Road, Sherwood, QLD, 4075

$1,280,000

809 m²

Land

•

30+ days on the market

Sold: Nov 16, 2015

What's around 552 Sherwood Road

MEDIUM DENSITY RESIDENTIAL SITE - BLUE CHIP OPPORTUNITY IN SHERWOOD

Suitable for redevelopment is this blue chip 809m2 site with an older building, yielding $75,000 per annum approximately. Situated in a prominent position close to Sherwood Central Shopping Precinct, schools, transport and casual cafes. Consider the following points: - Pending a new DA approval & demolition of the existing structure, lease the existing units ( 3 x 2 bedroom & 2 x 1 bedroom units). Units are in good condition & vacant possession is currently provided. - Any new multi-storey / multi-unit structure will be subject to Development Approval. - The current building is not strata titled. - Flood free location. - Walk to all amenities. This is an financial opportunity not to be missed as a hold investment or redevelopment site. Call me today to discuss your options. Council Rates: $1,199.56 per quarter