Positioned at the front of this 810m2 block of LMR zoned land (on 2 lots) with high council site value of $580,000 these flats comprise 1 x 3 bed, 1x 2 bed and 1 x1 bed. Currently returning $41,600 per annum the always occupied flats are conveniently located a very short walk from a train station, bus transport, shopping centre, restaurants, cafes and schools.
- Great side access to rear of property, extra GFA available to build townhouses or more units,
highly marketable end product
- Currently using approximately 280m2 GFA
- Other option is to split block, renovate existing flats, return to house, sell on own title and still build townhouses, units or another house at back
- Superb location, in one of Wynnum’s best streets
- Elevated position capturing breezes, less than 600m to waterfront
- Level block of land, slight slope towards road
- All flats fully self-contained, have one bath, sizeable bedrooms and own laundry
- Astute investment, future development site with strong holding income