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HIGH CASH FLOW | DEVELOPMENT OPPORTUNITY | 883m2 LAND

SOLD

38 Kedron Park Rd, Wooloowin, Queensland

HIGH CASH FLOW | DEVELOPMENT OPPORTUNITY | 883m2 LAND

HIGH CASH FLOW | DEVELOPMENT OPPORTUNITY | 883m2 LAND

CASH COW WITH MASSIVE UPSIDE POTENTIAL. POTENTIAL TO DEVELOP THE REAR SITE AND DOUBLE YOUR INVESTMENT.

This spectacular investment opportunity is located only 5kms from Brisbane CBD in the high growth suburb of Wooloowin. The building sits on 883m2, with a large portion of vacant land and has a 2 street frontage. The building is a beautiful solid brick construction and consists of 15 rented rooms giving you over $2,900/wk in income.

Property Features
- 15 Flats with Kitchenettes
- 3 Bathrooms
- Car space for 5+ Vehicles
- $152,000/yr gross return
- Brick Build

Land Features
- 883m2 Land
- Large Vacant Block, potential for redevelopment
- 2 Lots on 1 Title
- 2 Street Frontage

Location Benefits
350m | Wooloowin Station
500m | Lutwyche Shopping Centre
570m | Lutwyche Bus Interchange
4.5kms | Queensland University of Technology
4.8kms | Brisbane Airport
5kms | Brisbane CBD

Contact us on 0431 405 105 to add this investment to your portfolio today.


Disclaimer - All information and suggested development options contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.

Features

General Features

  • Bedroom: 15
  • Bathrooms: 3
  • Garaging: 5
  • Land Size: 883 m2 (approx)

House Links / Tools

Last updated: 6th May 2020

Summary

Property Type
House
Contract Type
Sold
Location
 Wooloowin
State
 Queensland
Price
SOLD
Bedrooms
15
Bathrooms
3
Carspaces
5
Land Size
883 m2 (approx)

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Agency

Contact

Varun Kapoor (Warren)