This small boutique development consists of 6 lots each with a triplex or duplex to be constructed on all lots. The property is located in the town of Morayfield, which is Northern Brisbane midway between Brisbane and the Sunshine Coast. Morayfield has a regular train service to Brisbane and also has easy driving access to Brisbane via the Bruce Hwy (M1). Morayfiled has a Westfield Shopping Centre with all the majors including 3 supermarkets plus Aldi, it has Target, Big W and many other smaller retailers. It is growing centre due to its close location to Brisbane and also affordability.
There is a new University to be constructed at Petrie which is just a short and easy drive from Morayfield. Moreton Council have many large projects approved which will bring new employment due to the size of the infrastructure and development. The future is very strong for this growth location! It is currently featured as No 2 growth location in Queensland.
This Opportunity:
Lot 4 Ridgegarden Road, Morayfield
Land: size is 410 m2 – Land Price: $204,000
Two contract purchase – Land and Building Contract
A Unique duplex with:
Duplex: 3 beds + 2 beds
Unit 1 – 3 beds, 2 baths and 1 car
Unit 2 – 2 beds, each with its own private ensuite and 1 car garage.
This is unique opportunity to lease each bedroom with its own facilities separately. Tenants would share the kitchen living area.
Unit 1: 121.40m2
Unit 2: 117.04m2
Total size is: 238.44m2 Build Cost is $388,000
Rental Estimate is:
Unit 1: $330 per week
Unit 2: If leased as a 2 bed unit rental would be $290 per week
Special Opportunity: If leased as two x 1 bed units to separate tenants the rental would be $200 each per week. Total rental that could then be achieved would be $730 per week
Builder is local from the Sunshine Coast and is a very experienced quality builder.
Inclusions list is attached.
Approvals, Headworks and council fees plus strata titling costs are included in price
This is Hot off the design board! You will need to be quick!
FOR SALE: $592,000
KAYE TILLEY
0418 823 046