Walking distance to everything in Nambour this one is potential plus! On 1,011sqm and zoned 'multi unit dwelling' this character site offers a world of options.
On the fringe of the Nambour CBD you'll enjoy the demand that this bustling country town offers. Enjoying over 13% growth in the last 8 months Nambour has shaken off the sleepy feel that it once had and now enjoys rejuvenated business precincts as well as local cafes, eateries and commerce.
This is a prime development option with the end product of your development application being desirable townhouses. Other nearby developments show that three bedroom townhouses will sell in the high $400K's and spacious two bedrooms can fetch in the low $400K's quite comfortably. Add another 6 months in a growing market to these figures and it's easy to see those same three bedrooms exceeding $500K.
If you're not ready for the development just yet you can sit and hold this site and enjoy $600 pw income from the current duplex. In time you might do a light refurb or even for the local handyman live in one while you renovate the other and visa versa.
All in all this is a fantastic site with great potential and a strong yield. Opportunities like this in a growing market don't come up often!
Features at a glance;
- Walking distance to all amenities
- Two tenants returning $600pw total
- Leases in place till Feb and May 2022
- Possible development site
- 1,011sqm block
Tender closes 12th November at 5pm - Contact Reuben Park on 0413 371 696.
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