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Chances


There is most definitely a Risk Vs Reward strategy with this one, but no matter which way you look at it, the attractiveness of the position and location cannot be denied. On offer is over 1000m2 of LMR2/3 land backing onto quality green and lifestyle space. Just that land size alone in combination with the location is enough to justify the price, not to mention we’re talking a lower dollar per square metre land area than we typically for LMR zoned property. That’s reason enough to take the chance! The complication here though is twofold. The first is a heavily altered pre-47 dwelling the technically needs to stay, but we believe we’re a decent chance at removal, and the second is the fact it goes to auction in two weeks. We’ve come up with a variety of development options, depending on whether the house gets removed and how large you want to go. Buyers around $1.75m. 

Five


This very large land holding is set in a very convenient and urban location – quite the unusual sight for a location like this, and it is this location that allows us to turn it into five residential lots and not the four lots the agent is marketing. With over 2000m2 of land, this mostly flat LR site is ready to be made the most of! It is going to auction but our numbers support a purchase price of $2.05m and show an equity gain nearing $500k. Proff that 5 is always better tahn 4! Interested buyers should contact Justin on 0410511535. 

Terraced


It has been a while since we’ve had a site like this. On offer is a 860m2 gently sloping corner lot zoned for townhouses that is perfect for creating terraced style townhouses. Initial workings indicate we should be able to manage six on the site, all freehold, which provides for an equity gain of approximately 29%. It is in a wonderfully located and desirable position, with easy access to all the amenities you could ever need. Though the numbers don’t work for other development options now, they may open up in the future for anyone keen to hold. Expressions of Interest close in a few days so get on it! Buyers high $1m’s should call Justin on 0410511535. 

Ready to Pounce


Maybe we’re putting the cart before the horse here, because the seller hasn’t quite listed yet, but it is such a unique position that we feel it is better to work on it now so we’re ready to pounce once the property does get listed. On offer is a strangely unique (in a good way!) property. We’re talking over 1250m2 of land with three of four boundaries having frontage to high quality and usable parkland, and the fourth boundary only has a neighbour for half of it. Even better is the fact it is almost flood free, which may come as a surprise because if there’s one thing you should know about Brisbane – if it is parkland it likely floods! But we’re not done yet! There’s also a large existing sold brick and concrete home to one side of the block. Full brick is uncommon. Full brick that can be retained whilst the site gets subdivided? That’s nearly unheard of! The site suits a 1 into 2 lot subdivision (house retained on one lot) with the option of  anew home on the vacant lot. Buyers at or just under $1.6m should call Justin on 0410511535. 

 

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