1466m2 Prime Townhouse Dev Site, Currently Returning $108,420.00

This enormous block provides holding income in a location underpinned by strong buyer and tenant demand, low supply levels and outstanding local amenity including the stunning foreshore and several local schools.<br/><br/> + The current median price for 2 bed apartments in Redcliffe is $460,000<br/><br/> + Clontarf is a popular bayside location, only 30mins (approx) from the Brisbane CBD along the M1<br/><br/> + 8 self contained units, 2 bed, 1 bath, 1 car<br/><br/> + Current gross income of $108,420.00 (based on all units being rented 52 weeks per year)<br/><br/> + Due to pre-existing use on the lot, there's potential for townhome development, after local council approval<br/><br/> + There's a 1,218m2 block next door with a hall, which is leased until 2026 - Hint: buy this one too ;)<br/><br/> + A short stroll to 4 local schools<br/><br/> + Clontarf to Hamilton exclusively highway<br/><br/> + Minutes to popular Sutton's Beach<br/><br/> + Outgoings approx $30,000 per year