Guaranteed to appreciate, this 751m2 of land on two lots has a 21metre frontage.
This property has now been endorsed by the Brisbane City Council to allow residential buildings on it up to a maximum height of sixteen metres and up to five storeys from ground level. Any development application lodged will now take into account this endorsed plan.
Currently there is a lovely two bedroom, one bathroom house with air-conditioning on the site that would provide a solid holding income.
In Sub- Precinct C of the Wynnum/Manly Neighborhood Plan, this land will only become more valuable once adopted and included in City Plan 2000 and is being sold at a pre-adoption price.
Purchase it today and either land bank and on sell, or develop and build for an outstanding return on your investment.
751m2
Residential B land
Build up to five storeys
Two lots – 21 metre frontage
Sixteen metre height restriction
Solid holding income