Developers! Large Block, 2 Titles, Close To Water In Deception Bay!

Presenting an incredible opportunity to astute investors, this large 810 m2 block on two titles is in an optimal location only meters from the waterfront and close to popular Scarborough Park and the Deception Bay Sports Complex, ALDI, cafes, state and private schools, Kairos Community College, public transport and medical facilities. <br/><br/>Zoned “Residential A(C)” with significant development potential STCA, the block currently has a block of 4 tenanted units with a combined rental income of $1040 per week. Should you choose to retain the tenants you can expect an approximate yield of 5.4% in current market conditions. <br/><br/>Constructed in 1970, the building has:<br/><br/>- 2 x 3-bedroom units downstairs, each with private veranda & separate entrance<br/>- 2 x 2-bedroom units upstairs, each with private balcony & separate entrance<br/>- Two shared enclosed external laundries (units 1 & 4, units 2 & 3)<br/><br/>All units have:<br/><br/>- Kitchen/dining with oven<br/>- Living area<br/>- Internal bathroom <br/>- Large shared backyard<br/><br/>Get in first and give us a call today!