Investors and developers Ã- take note here Ã- An opportunity not to be missed for sure !
Exciting corner site in Wynnum Central Medium Residential (MR) Zoning Precinct with Development Application approval granted effective 20 July 2012 with DA Plans as follows:
DA Approval – Subdivision Ã- 1 lot into 3 lots
DA Approval for the construction of three townhouses, each on their own lot.
DA Approval – No body corporate required Ã- Each townhouse on freehold title.
Each townhouse Ã- three bedroom design, two bathrooms and powder room
Gross Floor Area (GFA) Approval Ã- 71.45%
DA approval is current for four years from date of issue July 2012 Ã- July 2016.
Currently there is an existing two bedroom Queenslander style cottage on site with excellent tenants, willing to stay on if required, and returning a healthy $365 per week.
Buyers Important Note: To facilitate a secure sale, owner will consider property trade as partial payment – please note that trade property must be lower priced property, and preferably (though not exclusively), with a steady holding income.
Truly, a unique opportunity for the budding investor or developer. Ready for immediate development or hold and time your development to suit the property cycle Ã- Your current development application has four years of shelf life !
Inspections of development application, plans, concept images and conditions of approval can be easily made available to serious investors/developers.
Wynnum Central location means all this is within 10 minutes walking distance:
Wynnum Manly Esplanade and parklands – Moreton Bay Waterfront
Wynnum Central Railway Station
Wynnum Central Shopping and Cafes
Wynnum Medical facilities
Wynnum Golf Course
Wynnum New Primary School
Contact the listing agent now ….Unique chance for the astute purchaser ….