Call the Sales Hotline and use the PIN: 2230
Do you want to be a property developer?
$735,000 DEVELOPMENT POTENTIAL â GREAT HOLDING INCOME
These 3 neighbouring properties all zoned Urban Neighbourhood come with an annual rental income of $44,200.00 total. An exciting entry level into property development or an excellent opportunity for any investor to expand their portfolio. Low vacancy rates (these affordable rental properties are always in high demand) Since 2009 Morayfield has experienced an average of 2.5 per cent population growth, eclipsing the state average of 1.8 per cent, in an excellent location, walking distance to Morayfield Shopping Centre, Morayfield Medical, Morayfield State School, public transport and all local amenities.
Total land area of 1215m2, currently zoned Res B (c), excellent future potential (other properties in street have added granny flats or developed into townhouses). Check local council for further details on development potential.
47 Domnick â 3 bed, 1 bath, 405 m2 rented for $290.00 per week with tenants on a fixed term lease
49 Domnick â 3 bed, 1 bath, 405m2 rented for $280.00 per with tenants on a fixed term lease
51 Domnick â 3 bed, 1 bath, 405m2 rented for $280.00 per week, tenants on a fixed term lease
Total weekly rental income $850.00
Investors or developers you wonât want to miss out on this deal. You wonât often find such a good holding income with development potential like this.
Councilâs 20-year vision for Morayfield South, identified in the Strategic Framework, is for a mix of place types including next generation neighbourhoods, urban neighbourhoods and coast and riverlands. As property developer you can be part of this exciting future.
Contact us today to find out more.
To book an inspection please use the RED ‘Contact Agent’ tab (on a desktop) or RED ‘Contact Agent’ (on an Android, iPhone or iPad) which will go directly to the person selling the property.