Calling all developers, builders and investors to come and secure this massive “splitter block” tucked away in the peaceful streets of Mitchelton.

This corner site beckons to have some new homes constructed on it to replace the rental properties that currently occupy the space.

An amalgamation of two properties has resulted in a quality 2016m2 of LR zoned land available for subdivision. Large frontage, great depth and a rectangular shaped site provide easy dimensions to plan development with. Preliminary town planning advice has resulted in the current owners preparing the land for a five lot subdivision, which is currently underway.

The two buildings on the land are a three and four bedroom home, both currently tenanted and achieving a holding income in a high demand rental area.

Public transport services the site well with a bus stop right out the front and the train station approximately one kilometre away. The surrounding community is achieving high demand from home buyers and recent sales support high growth.

Mitchelton is within ten kilometres of the city and boasts a major shopping centre “Brookside” to service the community. The area is under investigation for rezoning in certain areas, which is a clear indication of future potential, so buy now before it takes off.

Call Coronis Realty now for more information!

2016m2 site
LR zoning
On bus route
Four lots
Two properties
Current good return
One kilometre to train
Five lot splitter