Blue Chip 825m2 Site: Landbank with Income or Rebuild

This double storey building comprising four flats on a fenced 825m2 block in one of Buderim's leafiest, blue-chip neighbourhoods, has been tightly held for decades, and offers an opportunity to invest in one of the finest residential addresses on top of Buderim Mountain.<br/><br/>Across two levels there are 4 x 2-bedroom, 1-bathroom flats with open plan living, kitchen, and front porch; there is a separate carport at rear with covered parking for one vehicle per flat, as well as onsite parking. The building is under one title. <br/><br/>All flats are rented until March 2024 to long-term tenants, so this could suit an investor seeking a holding income whilst land-banking this coveted site for a future rebuild or to on-sell for profit in coming years in this most desirable of locations…it's money in the bank.<br/><br/>The site is flat and clearly large enough to build a substantial sized home; it is not (currently) zoned for development, so under the existing town plan, it is a residential site only. Surrounded by some of Buderim's most admired homes on glorious parcels of land, this is a location you cannot overcapitalise in! <br/><br/>Located 'on top' of Buderim, it's just footsteps White's Lookout, a short walk to Wirreanda Park famous for its majestic fig trees and local shops. Buderim CBD is a few minutes' drive, it's less than 10 minutes to beaches, golf, the university, and premium private and public schools; major hospitals, the airport, and Sunshine Plaza are 15 minutes' drive. <br/><br/>Buderim is one of southeast Queensland's most desirable postcodes, one of the most searched suburbs on realestate.com.au and Foote Avenue is arguably its finest address, that never fails to make a favourable impression on all whom meander this tree lined avenue with its gracious homes.<br/><br/>Long-term owners are motivated to sell and offers are invited via tender. Contact Agent to arrange a private inspection or for further information.<br/><br/>• Invest in a prime 825m2 site on top of Buderim<br/>• Blue-chip leafy street, coveted & much admired<br/>• Block of 4 – 2 x bedroom, 1-bathroom flats<br/>• All rented to long-term tenants to March 2024<br/>• Update to heighten returns, landbank or rebuild<br/>• Short walk to local parks & shops, mins to CBD<br/>• Less than 10 mins to beaches, golf, schools, uni<br/>• Outstanding investment with holding income<br/>• Long-term owners are highly motivated to sell