Property ID : 125960
For Sale Expression of interest, closing 5PM 30th September 2019 - Land/development
Prime Multi Tenanted Inner City Development Site
EXPRESSIONS OF INTEREST Closes 30th September 5:00pm.
FAL Property Group presents a potential “once in a lifetime” opportunity! A 3,620sqm parcel of land in the city fringe, 5kms from the CBD and 3kms from Brisbane Airport.
This PRIME city fringe development site has holding income of over $400,000 NET PA. Currently occupied by 12 retail & 7 residential tenants; this site is ready for re-development. With potential for mixed-use centres, service stations & residential developments this site will pay its way till it holds its own. The current owners have preliminary written approval for access/egress via Sandgate Road providing dual street access and convenience.
Building 1 was developed in 2005 and is already strata titled and fully leased. Get your DA, sell off the strata lots to fund your development. This story writes itself with several versions of a happy ending.
Site features include:
– 125m Street Frontage
– Site area of 3,620sqm
– In excess of $400,000 net holding income
– Multiple development opportunities
– 954sqm Commercial GFA (current format)
– 5 Residential units & 2 houses (leased)
– Dual access to Sandgate Road
For full IM and DD Dropbox link please contact Huw Feeney or Daniel Hutchinson from FAL Property Group.