Rare small development site – Huge potential for investor or first time developer!
This flat 3227m2 block has dual street access to Georgina & Fedrick Street allowing flexible designs for multiple uses.

Zoned Small Lot under Logan City Council (LCC) planning scheme and has the potential to subdivided into 6 lots (keeping existing house) or build 8 additional townhouses (with support from LCC pre-lodgement meeting notes).

First time investor can also minimise the risks by subdividing the existing house (on a 819m2 block) and sell it to the market to reduce development capital risks. This lot also fits with the RISK-SMART criteria which allows the investor to get faster approval from the LCC (5 days approvals with all the supporting documents provided). Currently tenanted at $350/W until NOV 2016 giving investor plenty of time to apply for Development Approval without worrying about holding costs.

Land price has increased dramatically in this area and the most recent vacant land sale is at 51 PARKLANDS DR BORONIA HEIGHTS (574m2) for a sale price of $236,500, giving the investor plenty of upside to generate handsome profits from this.

Location is also a major factor that’s attracting high tenant enquiries in this area. Convenient public transport is almost on your doorstep as is a childcare centre across the road. Walk the primary school kids to school at the Boronia Heights State School, only 5 mins away. Park Ridge Shopping Centre & Browns Plains Grand Plaza is also 5 mins drive with everything that you need.

Vendor will consider all reasonable offers and make no mistake, this property will be sold fast!