LMR2 Zoning 612sqm - 3 Units No Body Corporate | Development Potential
Positioned within Brisbane City Council's Low-Medium Density Residential (LMR2) zone, this tightly held 612sqm site presents a compelling opportunity for developers and investors seeking a strategically positioned residential holding with future development potential.
Currently comprising 3 income-producing units on one title with no body corporate, this solid property offers the ability to generate holding income while future development options are investigated, subject to Council approval and relevant planning requirements.
The 3 units are separately configured and offer functional, low-maintenance accommodation comprising:
Unit 1
2 bedrooms, 1 bathroom
Functional kitchen and dining
Separate lounge
Single car garage bay
Unit 2
1 bedroom, 1 bathroom
Functional kitchen and dining
Separate lounge
Single car garage bay
Unit 3 refurbished throughout
1 bedroom, 1 bathroom
Open plan lounge and dining with reverse-cycle air-conditioning
Kitchen with timber look laminate flooring
Venetian blinds and updated carpets
Single car garage bay
Communal laundry facilities located downstairs to service all units, plus extra under house storage or build in for an studio unit.
Strategic Location
Tingalpa is well established and continues to benefit from strong demand, with an extensive range of parks, sporting facilities, shopping and transport infrastructure nearby:
approximately 300m to Tingalpa State School
approximately 300m to Twin Parks Shopping Centre
approximately 400m to Kianawah Park
approximately 500m to public transport on Wynnum Road
approximately 1.2km to Gateway Motorway
approximately 15km to Brisbane CBD
A rare opportunity to secure three income-producing units on one title, with no body corporate and a substantial 612sqm landholding in a tightly held and strategically positioned Brisbane suburb.
For further information, a Disclosure Statement, Investment Summary or to arrange a private inspection, please contact Siobhan on 0487 901 590 or Roslyn on 0407 853 880.
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