Block of Units with DA Approved Redevelopment Opportunity For Sale

20 Sisley Street, St Lucia
For Sale at $2,100,000
House
  • Bedrooms 6
  • Bathrooms 4
  • Car Spaces 4
  • Land Size 809 Square metres

Description

Update 4:30pm 27th oct : In final negotiations now

CAN YOU AFFORD TO MISS THIS RARE OPPORTUNITY?

Please contact us for a copy of the Information Memorandum

The property offers an excellent, rare opportunity to developers and investors to acquire a property with exiting cashflow or the chance to redevelop and more than double the unit count.

The Development Opportunity
- Approved plans for a 10-unit apartment building with basement, ground, first and second floors,
- 8 x 3 Bedroom Apartments
- 2 x 2 Bedroom Apartments

The Exisitng Building
-If it is decided not to develop, the exisiting building offers stable cash flow of $1,085 per week (with potential for rent increases) and:
-offers 4 well designed and spacious apartments, occupied by long-term tenants;
-has ground level parking for all residents;
-is of solid block and brick construction and has been well maintained with new hot water system and approved smoke alarms;
-has usable terrace space

One of the most favoured neighbourhoods in Brisbane, abutting the banks of the Brisbane river. Close to the University of Queensland and other educational institutions: a preferred residential location for students and staff of such institutions. Very well connected to Brisbane's city centre and other urban centres.

Please contact us for a copy of the Information Memorandum

Howard Tsang - 0411 123 682

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Other Features

  • Development Approval for 10 Apartments, LMR Zoning

Floorplans

Floor Plan 1

Floor Plan 2

Floor Plan 3

Floor Plan 4

Location