A rare opportunity to secure a large LMR zoned property with outstanding development potential in one of Brisbane's most sought-after neighbourhoods. The current post war two-bedroom home has been exceptionally well maintained and offers buyers a solid holding income whilst they land bank or apply for redevelopment on the site.
Morningside is perfectly positioned for the ultimate lifestyle opportunity. The property is walking distance to the Wynnum Road Shopping precinct and a short drive to the famous 'Oxford Street' with popular cafes and restaurants, boutiques, parklands, groceries, hotel and cinema.
Potential future uses include large prestige homesite, subdivision, units or townhouses STCA. Brisbane City Council is currently proposing a favorable amendment to the city plan under their “More Homes Sooner Review” which proposes LMR sites such as this one will be allowed up to increase their height limits. More information is available on the council website.
Large LMR holdings like this in blue-chip areas are increasingly difficulty to source and this is fantastic opportunity to secure an easy, medium sized site with exceptional potential.
Contact agent to inspect.
What we love about this property:
* LMR Zoning
* Wide Frontage
* Flat block
* Blue chip suburb
* Neat house with holding income
* Sewer & Stormwater on the block
Proximity to Key Amenities:
* Bus stop 50m
* City park 50m
* Wynnum Road shopping precinct 400m
* Balmoral state high school 500m
* Morningside Train station 800m
* Oxford Street 1.7k
Disclaimer:
*Important* Whilst every care is taken in the preparation of the information contained in this marketing, RE/MAX Experience will not be held liable for the errors in typing or information. All information is considered correct at the time of publishing.
