What a location! Live in, rent out or develop in the future.
This rare multi-purpose zoning (MP3), 5 kilometres from Brisbane CBD, is located in the heart of the approved Lutwyche Neighbourhood Plan. This is a great opportunity to secure a property that will experience significant capital gains due to its desirable and convenient location.
This lovely Queenslander style home, with solid original features, is currently rented for $440 a week to excellent tenants.
Positioned perfectly, walking distance to the shops ( Lutwyche Centro 3 minutes’ walk), cafes, schools ( including Wooloowin State, Windsor State and Holy Cross Primary) and 2 minutes’ walk to the efficient and fast new bus way.
It consists of 3 well sized bedrooms. The large deck catching cool breezes throughout the year overlooks a garden (539m2 allotment) . There are two garage spaces for parking and ample off street parking for more if needed.
This is also a rare chance for investors to purchase a sought after property with hard to find mp3 zoning.
Present zoning laws allow for mixed use, high density residential/commercial, with the amalgamation of neighbouring sites there is potential for approval of increased building height ( subject to council approvals ).
For the astute investor, this would be an excellent asset addition to a Self Managed Superfund portfolio.
For more information on the exciting Lutwyche Neighbourhood Plan outlining cafes, public transport, services and greens areas, see the Brisbane City Council website: www.brisbane.qld.gov.au