Are you looking for an investment property not only has great rental return but also development potential in future capital gain or become a developer yourself? This is the rare opportunity you do not want to miss out!

Two 405m2 lots zoned Medium Density Residential, with a three bedroom with two bathroom house is available for you! Two separate titles land located in the highest precinct of Ormiston with great views over the bay and North Stradbroke Island.

Only a 2 minute walk to amenities like Doctor, Pharmacy, Chiro and takeaway food shops. Walking distance to bus stops, Mitre 10, KFC, Sizzler, IGA and public swimming pool. Only a 5 – 10 minute drive to Cleveland or Ormiston train station, Cleveland Coles, Woolworths and Library. 5-10 minutes walking distance to Ormiston College (top 4 Brisbane & QLD high school – 100 ranking).

Zoned as MDR1 in Redland City Planning Scheme, this area is encouraged to build higher density residential use for tourist or local community. With the planned 1.3 billion development of new Cleveland harbour/marina next to it (3 km), this is a perfect location for townhouse or apartment development.

The existing home is well maintained and fully fenced. Currently tenanted with long term committed tenant for $435 per week. This is a perfect opportunity to secure a nice investment with different options: keep renting it and wait for developers come to you or do the development by yourself!

Don’t wait for it, call us NOW to book an inspection ASAP!

Two x 405 m2 Lots all in Medium Density Residential Zone
Potential Development
Great Investment Opportunity
Close to all Amenities
Currently Rental Income for $435 per week
Well Maintained and Fully Fenced