Joint Venture Partner Wanted
Owners are seeking a joint-venture development partner to join them in completing this tidy little project.
Development Approval already in place, granted by Brisbane City Council on 07/11/16 for 6 x 2 bed / 2 bath units (4 up / 2 down). Hydraulic and civil engineering for Building Approval already completed too. Covered parking for 8 vehicles. Huge demand exists for this residential product in the area, with very limited similar stock available.
$200,000 buys you 50% profits on completion and sale of all 6 units. Current owners cover first mortgage and land holding costs during construction.
$115,000 buys you 100% profits on completion and sale of 5 units (current owners keep one). Current owners cover first mortgage and land holding costs during construction.
738m2 with 20m frontage zoned LMR2 within Brisbane City Council boundaries.
Only 13klm from Brisbane CBD.
Close to many local parks, public transport, YMCA, schools, employment. In close proximity to planned future passenger rail expansion project from Brisbane City to Beaudesert, set to commence following the completion of the Brisbane Cross-River Rail Project. This suburb is going to enjoy very strong capital growth over the next few years.
850m from an existing major shopping centre complex on Beaudesert Road, which has recently been given a face-lift and is now attracting high-quality tenants with Aldi and Supercheap Auto recently building on extended space on the site. A brand new Zarraffa's Coffee has also commenced a lease in that complex recently.
480m from a brand new shopping complex underway directly across the road from the local Police Station, set to include a new McDonalds amongst other high powered food retailers.
Existing modest 3-bed dwelling remains on site, currently rented at $340/wk to offset holding costs.
All plans, approvals, quotes, council correspondence, etc available for perusal via link to dropbox upon request.
- Date Listed:30/11/2018
- Last Edited:30/11/2018
- Business Type:Professional
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