Metres from Scarborough Beach, overlooking the glittering waters of Moreton Bay, lies this exciting development opportunity offering an array of enticing and potentially lucrative options. This 1214sq m property is being sold with a DA in place so it's an ideal ready-to-build project for a savvy buyer.
Currently returning $54,860 in its configuration of four flats in varying condition, with a recently replaced roof. The DA includes 16 units across four levels, however zoning extends up to seven levels so a possible DA amendment could increase unit volume to 20-25 units if desired.
This ultimate beachside address, still within reach of Brisbane, offers but is not limited to:
+ 1214sq m DA approved development property
+ Currently returning more than $54,000 per annum
+ Configured as four flats in varying condition with stable tenants
+ DA for 16 units across four levels, zoning for seven levels
+ Potential to subdivide the block subject to council approval
+ Metres from Scarborough Beach, cafes, restaurants and parks
+ Walk to schools including Scarborough State School and Redcliffe State High School
* Disclaimer - We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research.
