MU 2 ZONED SITE WITH EXCEPTIONAL DA
Perfectly positioned 9klms from the CBD in a quiet spot just a short walk to both Westfield Chermside and Prince Charles Hospital, this 675sqm site is zoned Mu2 Mixed Use and provides a great opportunity to acquire a site with a current Development Approval (DA) for 10 x 2 bedroom apartments. Note this DA was obtained prior to the recent Council Town Planning changes regarding car parking requirements, meaning a comparable DA for 10 x 2 bedroom apartments on any similar site would now be extremely difficult to obtain without the provision of basement parking. Representing a great proposition to the astute investor, this practical, mid-sized development approval offers:
- 10 x 2 bedroom 2 bathroom apartments.
- All with spacious balconies.
- Built over 5 levels including ground.
- 9 units with I secure car space.
- 1 unit with 2 secure car spaces.
- On site visitor parking.
- No major basement excavation.
- Communal roof top space.
- Lift access.
Brimming with potential this level rectangular site runs North south for the ideal aspect and is currently improved with a well maintained highest 3 bedroom, 1 bathroom post war style home with a holding income of $395pw. Explore the possibilities of developing now or land banking for the future and with literally every amenity at your fingertips including Public Transport, shopping, dining, medical, schools, childcare the list goes on forever, you can do so with the knowledge that super convenient locations such as this one will always be in demand.