Prominent site near City.

Musgrave Road Red Hill

High profile location, holding income and mixed use zoning is the right recipe for planning ahead with a Development to capture the future growth in the market.

An excellent opportunity is presented for a mix of Retail, Commercial and Residential on this 3115 square metre prominent location on a major Brisbane Road only 2 kilometres from the Central Business District.

The 3 separate Properties have a current net income of $262,000 (approx.) from 12 Tenants over 2301 square metres of building area, including 570 square metres of Retail space.

POTENTIAL:
INVESTMENT: The 3 separate properties can be held for future growth or sold off individually.
REFUBISHMENT: The 3 properties can be refurbished and the income significantly increased.
REDEVELOPMENT:With holding income, take time to add massive value with a mix of high profile Retail, Commercial and Residential. The Brisbane City Council is expressing the need for higher density developments close to the City.

The Properties are firstly presented as one entity (all currently owned by one person) but expressions of interest are being taken for each Investment.

Proposed Plans have been prepared for a large Development.

Phone or email for further information and to discuss possibilities.

Arthur Davis 0414 278 487
John Sportelli 0421 566 599
johns@remax.com.au