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High Income Potential with location, space & style.

FOR SALE

40 Wadley St, Macgregor, Queensland

High Income Potential with location, space & style.

Located only 300m from Westfield Garden City, this 6 Bedroom approved investment property sits on 606m2 of land and has endless potential. This outstanding investment opportunity offers space, style and most importantly, a high-income return.

The separate interior boasts freshly painted walls, massive kitchen, spacious living area, 6 bedrooms, 2 bathrooms and a laundry area. Everything is taken care of. This home is move-in ready!

This property would suit home buyers and investors alike.
Home buyers have the option of living in a large house where there is potential to have a separate wing with a bathroom, 2 bedrooms and its own private entrance. This can be used as a teenager retreat, granny flat, guest area or can just be rented out to help with your mortgage, while still maintaining your own privacy. Check the floor plan and discuss these options with the agents.

Subdivision potential -
As the property is located within walking distance to Westfield Garden City, it could be considered for subdivision under the small lot code, subject to council approval. Please check with your town planner.

The Precinct
There are over 60,000 businesses operating in this area. The area is also in close proximity to Sunnybank and Asian precinct. There is easy transport access to city and the coast, close to TAFE, schools, university, QE2 hospital and great local cafes. This creates a strong demand for quality accommodation in this area by professionals, investors, students and homeowners.

The property also lies in the catchment of Macgregor State School. This school is one of the top ranked state schools in Brisbane as properties and rentals in this catchment are highly sought after.

Property Features
- Fully approved 6 Occupant Residential Service
- 6 Bedrooms and 2 Bathrooms, all bedrooms with ceiling fans.
- 3 air-conditioned bedrooms.
- Large communal kitchen with plenty of storage space.
- Parking for 5+ cars
- Potential for $50,000/yr rental return
- Renovation options to increase income
- 606m2 parcel of land.

Location Benefits
MacGregor State School Entry | 50m
Garden City Busway | 200m
Westfield Garden City | 240m
Upper Mt Gravatt State School | 860m
Sunnybank Shopping Centre | 1.5kms
Griffith University Mt Gravatt | 2.5kms
Griffith University Nathan | 2.8kms
BRISBANE CITY | 12kms

Being a QLD Registered Architect with investment and development experience, our team is fully equipped to assist the buyers with free preliminary Architectural, feasibility and planning advice, liaising with council and town planners. Please call if you wish to discuss your options and our team will assist you with your research and point you in the right direction. All approval documents are available upon request.

Contact our team today for more information and to express your interest. This is an opportunity not to be missed.

Disclaimer - All information and suggested investment and 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 investment and 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: 6
  • Bathrooms: 2
  • Garaging: 2
  • Land Size: 606 m2 (approx)

House Links / Tools

Last updated: 28th October 2020

Summary

Property Type
House
Contract Type
For Sale
Location
 Macgregor
State
 Queensland
Price
FOR SALE
Bedrooms
6
Bathrooms
2
Carspaces
2
Land Size
606 m2 (approx)

Open for inspection

Saturday, 31st October
9:30am - 10:00am

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Agency

Contact

Varun Kapoor (Warren)
Adam Holmes-Barry