Investor Special with Huge Development Opportunity...Rent Potential $800+ p/w

WOW! 4 STOREY RESIDENTIAL DEVELOPMENT OPPORTUNITY Your Chance to be Part of the Massive Logan Development Plan.

Owner now committed elsewhere, Must Be Sold!!

Also includes approval for 2 additional units at the rear of the block.

Rent Potential of $800 Plus per week for the 3 lettings.

The property is in a prime position and is zoned residential core with a maximum height of 15 metres. Potential for 16 x 2 bedroom apartments or equivalent mix of 1, 2 or 3 bedrooms. Positioned just 250 metres to Loganlea Railway Station and within walking distance to Griffith University Logan Campus and Logan Hospital.

The Loganlea Neighbourhood Plan has been developed by Logan City Council to create a residential hub that will accommodate the city's rapidly growing population.

The existing property: - Is a 4 bedroom hardiplank and metal roof home that has had some recent renovations including a new roof, painting and other improvements. Consisting of 4 bedrooms, lounge, kitchen, bathroom and laundry and is in good condition.

It is currently rented at $320 per week with a lease until 3 May 2018.

4 1
Suburb Loganlea
Address 3 Cameo Street
State QLD
Price SOLD
Property Type residential
Property ID 1629
Category House
Land Area 809 m2

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John Ahern

0412 737 808
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