Approved Development site for 8 luxury town houses

Harry Imam and the Hugo Alexander Property Group is pleased to offer a premium medium density residential land site approved for eight large 200sqm town houses. Brisbane City Council quiet street locations with approved designs are opportunities that rarely come for sale.<br/>Chermside is an inner northern suburb of Brisbane 9-9.8km from the City, with above average affluence and property prices. The area has exceptional parklands, a thriving retail and commercial strip anchored by Westfield, Prince Charles Hospital is a major employment centre within 200 metres.<br/><br/>Please review the opportunity carefully and submit your most competitive offer by <br/>4PM WEDNESDAY December 14<br/><br/>Please contact the agent for a copy of the Information Memorandum (IM) and property files.<br/><br/>Address: <br/>49 - 53 Davenport Street, Chermside<br/><br/>Site access: Safe to inspect and walk unattended.<br/><br/>Site Parameters: <br/>1215sqm Medium Density Residential Zone<br/>2 lots, 30m frontage, 40m deep, shallow diagonal slope from RL26+ to RL29.5+, 1:11 grade<br/><br/>Development Approval: DA - PA Material Change of Use - Development permit<br/>Multiple Dwellings (8 Units)<br/>Made 31 May 2022<br/>Approved 7th October 2022<br/>Permit Reference DAMC422 956 222<br/>For further treatment refer to IM<br/><br/>Holding income: <br/>House Leased $260 per week, $13,585 pa gross<br/>Lease term ends 3/6/22 Now periodical<br/><br/>Out goings $2408.84 pa (detailed break down in IM)<br/><br/>Expressions of interest campaign closes 4PM Wednesday December 14<br/>Please review the opportunity carefully and submit your most competitive offer by the closing time.<br/>Harry Imam <br/>0403 180 092<br/>[email protected]<br/>