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Latest Alerts

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. 

Contradiction


This is a fabulous opportunity, and a somewhat rare one, where we can subdivide whilst keeping the house as is, where is, and not needing to demolish any of it (with the possible exception of a shed and stairs). Zoned CR2, this site is nearly 850m2 and located on a corner. We have the ability to create a vacant lot that should be around 400m2 in area (we can go as low as 300m2), all whilst keeping the high character and livable, but dated large 4 bedroom Queenslander on it’s own 450m2 lot (approx). Further it is located in a premium and desirable pocket with many sales North of $2.5m. The only question mark though is a whopping great big contradiction. One council map indicates there is overland flow to about 150m2 of the site (the back corner of the proposed vacant lot), and second council map that is based on more recent data shows no overland flow on or even near the site. Which one is accurate will come down to some extensive discussions and research with our engineer. Allowing for only minimal overland flow to a small portion of the site, our numbers are showing approximately $290k equity gain from the subdivision option, or near 20% if we choose to build on the vacant land. Buyers at $1.8m should call Justin on 0410511535. 

 

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