MULTI PURPOSE (MP2) DEVELOPMENT SITE WITH RENTAL INCOME

31 Sparkes Street, Chermside, 4032

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690,000 AUDEst. Mortgage: AUD 4,848/monthFor Sale
  • Ownership Type House
  • Property Area 675 sqft
  • Bedrooms 3
  • Bathrooms 1
  • Furnished No
  • Last Updated 4th Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Garage: 1
  • Air Conditioning

Property Overview

An ideal opportunity presents itself here for land banking, while taking advantage of the current rental income from the recently renovated dwelling and hold for future development.

The existing home has been fully modernised with modern fixtures and fittings throughout, including air-conditioning, new kitchen and bathrooms.

Perfect for a medium unit development project, these MP2 zoned properties are in short supply and are becoming very harder to find; this property offers the potential to develop now or in the future (STCA).

-Under 10km to Brisbane's CBD
-Walk to major Westfield shopping precinct
-Walk to express city bus
-Quiet street location in central activity precinct
-Existing post-war home with 3 bedrooms & storage space under
-Asset depreciation on inclusions
-Recently painted and floor coverings
-Holding rental income at $350 per week to December 2020
-New kitchen & Bathroom fit out

PHONE GRAHAM CARTER OF RAY WHITE CHERMSIDE FOR VIEWINGS AND FURTHER DETAILS ON 0411 222 666.

Location on Google Map

31 Sparkes Street, Chermside, 4032

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