On an elevated corner site with sweeping views to the north and east, is this great opportunity for an investor or buyer, wanting to capitalise on the scarcity of quality home sites in today’s market.

Most of the hard work has been done, allowing you to move forward and realise your ambition in a select part of Mitchelton that has become highly popular with buyers.

The current owners have expanded this allotment to its present size, with new title due in the next month. They have also undertaken survey work and obtained engineering reports and Council permits for a 3 lot subdivision , with DA’s for stormwater and sewerage amendments. With this groundwork in place, the way ahead is clear to choose the development option of your choice.

For your consideration:
- Existing 3 bedroom house on 1287 sqm of fully fenced land with perfect north east orientation.
- Permits in place for 2 types of 3 lot subdivision, and associated stormwater and sewerage changes
- $380-$400 /week rent return on house while waiting for final approvals
- Streets in immediate vicinity are experiencing a boom in new house developments and renovations.
- Plans for brand new 4 bed 2 bath homes(GJ Gardner) to suit potential lot/site requirements, built for less than $200K (see attachments)
- 8km from CBD, with bus transport only metres from your door, schools within walking distance, and Brookside Shopping Centre and train only a short drive away

The draft Neighbourhood Plan for Mitchelton, released in early May, proposes major developmental and infrastructural changes for the suburb that will transform the area into a major urban hub. The ramifications of this to the critical need for further housing are obvious. With acute under supply to meet current demand, you are in a key position to act on the unrealised potential of 113 Frasers Road, and turn it into your future nest egg.
Call Col Moynihan (0432 265 398) for more details or to arrange an inspection.