Situated only a short distance to all major conveniences this 946m2 block of land is zoned Mixed Housing and presents exceptional value for money with the potential to build a triplex.
Preliminary figures show the potential for rent returns in excess of 6% and potential for strong profits to be made.
DA Approved Plans* from 2004 available on request. Plans are for a triplex of 2 bedroom units, main shower/bath and single lockup garaging. *The DA approval for building plans expired 2008.
With work commencing on the Red Edge Shopping Centre only 650m away, Toowoomba Base Hospital 550m and City Golf Club 450m, this is sure to be a profitable investment.
Contact Tye Thies today on 0408 249 666 for more information.