1 Silkwood Street Algester, 4115 QLD

Great Opportunity to Secure the Duplex of 2 Units in a Block of Land 830 Sqm!

Duplex of 2 UNITS IN A BLOCK OF LAND 830 sqm. Great opportunity here! Calling all the investors! Last LMR2 Zoning property in BCC with potential to build up to 3 storey multiple units or townhouses. Block of 2 units sold as a single title with land size of 830 m2 and 30 meter street frontage. This is a lifetime opportunity to create CASH FLOW with huge future development / capital growth potential. This is one of the last properties in the Brisbane city council with LMR2 zone which has not undergone full development potential. No Body Corp fee and it's a freehold with single title. Unit 1 is currently rented out for $310 per week & Unit 2 is $300 per week. Total Rent $610pw. Development Opportunity Details: This Property is zoned LMR2 (Low medium density residential 2 or 3 storey mix) which allows to build maximum 3 storey or 11.5 m height and more details are available with Brisbane city council. The street frontage for the property is close to 30 meters which gives unique advantage.

Sold $865,000

Inspect

Inspection of this property is available strictly by arrangement only.

Contact

• Bala Rajan

  bala.rajan@century21.com.au 0401 326 706

• Arthi Vignesh

  arthi.vignesh@century21.com.au 0401 326 706

Shop 9 3282 Mount Lindesay Highway

Browns Plains QLD 4118