44 Durack St, Moorooka, Queensland 4105
DA & BA for 3 Townhouses + 1 Unit, Retain & modify existing house.Warren's team presents this superbly located 814 m2 LMR property.
It is a brilliant opportunity for builders, developers or investors who are requiring a profitable project that is ready to go.
There is currently a beautiful character home on the property with 3 bedrooms, one bathroom, and sleep out with ornate plaster ceilings. This home has solid bones and can easily be renovated to its former glory like the many other recently renovated homes in the neighbourhood. The approvals are in place for 3 Townhouse, 1 unit and to raise and retain the existing home. The house is currently tenanted which provides for holding income until you start your project.
The units, once built will also get city glimpses.
DA has been approved and BA is almost done.
Buyers just pay your insurances and start the project.
Approvals in place for -
- Existing house raised and retained and converted to 3 Bed, 2 Bath home.
- 1 x 1 Bed, 1 bath unit (under the existing home after being raised)
- 1 x 3 Bed, 3 bath Townhouse. (plus extra Powder Room)
- 2 x 3 Bed, 2 Bath Townhouses. (one with an extra Powder room)
Investors will be delighted with the return on the project once completed.
Potential rental once project is completed -
- 1 x 1 bed, 1 bath unit = $260 - $280 per week.
- 1 x 3 bed, 3 bath townhouse = $540 - $560 per week.
- 2 x 3 Bed, 2 Bath townhouse = $460 - $480 per week
- Renovated Home = $540 - $560 per week
- Total rent potential = $9,700 - $10,200 per month.
The property is located just a short walk from Moorooka Shopping Precinct including Woolies, walking distance to public transport (bus and train) and around 7 kms to the city.
If you're seeking the perfect opportunity to build or develop in an unbeatable location, look no further.
The lead agent Warren, is a QLD Registered Architect + a Development Site Specialist, hence our 'Team Warren' is fully equipped to assist the buyers for Free with the right info and advice. Please call us if you need to discuss your options and we'll point you in the right direction.
All documents are available in our office and can be made available upon request.
Contact my team today for more information and to express your interest.
This is an opportunity not to be missed.
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. As the property is being advertised for sale by Auction, we are unable to provide a price guide. The website might display the property in a certain price bracket for its own functionality purposes.
- Bedroom: 3
- Bathrooms: 1
- Garaging: 1
- Land Size: 814 m2 (approx)
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This listing last updated: 22nd Nov 2017