For all you investors/developers out there we’ve got a hot one for you.

Just minutes away from the Mount Gravatt Central shopping and business precinct and metres from Mt Gravatt Outlook Reserve, this 1439m2 block (on two lots) offers a unique investment opportunity.

Currently there are two solid 3 bed room postwar timber and tile homes, each returning $340 a week in rental, providing excellent holding income. Best of all, the current owner has detailed plans in place for 7 townhouses each consisting of two beds plus study with a large courtyard and balcony’s off each bedroom.

The owner has paid all council contributions in advance and it is DA approved until 2013.

Copy link below into your browser to view site plan: http://www.rhuppermtgravatt.ca.com.au/weblinks/SitePlan.pdf