Proudly marketed by Algester Specialist Chris Hubka this property presents an unbelievable opportunity! Rarely does a big 10,120sqm corner block come onto the market. Clear the block and subdivide and make some money!
Zoned future urban, the adjoining block has been cleared and subdivided recently into 10 blocks (see photos). One block needs to be set aside and kept for city council parkland but the new owner can then sell the 9 approx remaining blocks. The smaller 650sqm – 700sqm blocks recently sold around $300,000 and the larger quarter acre 1179sqm approx blocks sold about $380,000-$400,000. With land very scarce now and with a high demand from buyers wanting larger blocks of land for their dream homes, the land once subdivided will sell quickly as well. Come and snap this easy development up.
The land is almost flat and has vegetation that will need to be removed. The existing 2 bedroom home is to the front of the block along with a 6mx6m shed.
The adjoining blocks and across the road have already been developed and the sewerage and storm water pipes are already in place and ready to be tapped into along with power.
Located in a great part of Algester, it is only a few minutes’ drive to schools shops and public transport. Only about 7 minute drive to the Logan Motorway, then straight to the Gold Coast or Ipswich.
Listed for sale for 2.5 million the owners are keen to sell. This would be a great project for a developer to make some serious money.
Call the exclusive agent Chris Hubka on 0404 284 750 for more information or to arrange an inspection.