DA FOR 8 x 2 BED UNITS AND 2 x ROOMING HOUSES
The 66 School Rd Kallangur Development site is situated perfectly within the catchment zone for the Petrie University Campus and is ideal for developers wanting a project ready to start, or savvy investors wanting to land bank and benefit in the future.
The House – 3 Bed / 1 Bath / 6 Car (tenanted $400w) 3bay shed with 20 solar panels, wrap round driveway.
The Block – 1027 m2 (frontage 17.6m, LHS 60.2m, RHS 56.5m, Rear 18m.
Zoning – General Residential. Urban zoned up to 21metres (7 Stories)
Lease – Fixed Lease to 31 July 2019 $400pw (tenant would like to stay on).
The Approved Development Application –
8 x 2 Bedroom Units ranging in size between 81m2 – 88m2 with an expected rent $310pw and expected sale price of $295,000.00
2 x Rooming Houses on the front Lot consisting of 1 x 5 bedrooms and 1 x 4 bedrooms. Each rooming house has an accessible room with facilities and carpark on the ground floor.
The 5 bedroom house will return $53,500 – $58,500 over 50 weeks and the 4 bedroom house between $43,500 – $47,500 over 50 weeks.
The Area – Located only 500m to the main rd (Anzac Av) and 1km to the railway, the property is perfectly located within walking distance to the Moreton Bay University in Petrie.
The 2 bedroom apartments whilst suitable for students sharing, have been designed to appeal to the broader community. The 10 year construction plan of the University will draw lots of tradespeople and there will be the need to accommodate the many faculty staff and ancillary support staff required to service the more than 10,000 students by 2030.
Interested? Please call the Mark Rumsey team on 0404 498 340 for a detailed plan and onsite meeting
Remember to mention you found this property on DevelopmentReady
