6 Castlereagh Street

Bundaberg South QLD 4670

PROPERTY FOR SALE & FUTURE INVESTMENT OPPORTUNITY
CALLING ALL DEVELOPERS AND ASTUTE INVESTORS, GRAB A BARGAIN NOW. LOCATED IN THE HEART OF THE CBD WITH PRIME EXPOSURE, THIS LARGE 746M2 RESIDENTIAL B ALLOTMENT MUST BE SOLD ASAP. WITHIN WALKING DISTANCE TO HINKLER CENTRAL SHOPPING CENTRE & DAN MURPHY'S, PROPERTIES LIKE THESE ARE ALWAYS SOUGHT AFTER BUT SELDOM FOUND. THE PROPERTY IS CLEAN OF ANY EASEMENTS AND IS SUITABLE FOR 3 DWELLING UNITS NOW (SUBJECT TO COUNCIL APPROVALS). THIS INVESTOR IS LIQUIDATING AND THIS PRESENTS THE OPPORTUNITY OF A LIFETIME. - TENANT ON LEASE CURRENTLY PAYING $240/WK - CODE ASSESSABLE MATERIAL CHANGE OF USE APPLICATION REQUIRED FOR 3 X 2 BEDROOM UNITS WHICH COULD BE STRATA TITLED AND SOLD INDIVIDUALLY (SUBJECT TO COUNCIL APPROVALS) - 3 UNITS HAVE BEEN BUILT ON IDENTICAL SITE NEXT DOOR - EXISTING TIMBER HIGHSET DWELLING WITH 3 BEDROOMS AND 1 BATHROOM - 2 X CAR ACCOMMODATION AND STORAGE UNDER HOUSE - REPAINTED INTERIOR AND POLISHED FLOORS IN BEDROOMS AND LIVING AREAS WITH EASY TO MAINTAIN VINYL FLOORING IN KITCHEN AND BATHROOM AREA. - ROOF REPLACED 6 YEARS AGO - ENTIRE HOUSE RE-WIRED AND CEILING FANS INSTALLED THROUGHOUT - RECENTLY REPLACED THE HOT WATER SYSTEM - FULLY FENCED YARD - WATER & SEWERAGE CONNECTED THIS PROPERTY PROVIDES THE OPPORTUNITY FOR A POTENTIAL INVESTOR/DEVELOPER TO OBTAIN THE NECESSARY APPROVALS TO CONSTRUCT THE UNITS WHILST RECEIVING RENTAL RETURN ON THE EXISTING DWELLING ONSITE. DWELLING COULD EASILY BE RELOCATED TO ANOTHER PROPERTY & SOLD SEPARATELY WHEN THE UNITS COMMENCE CONSTRUCTION. OWNER HAD INTENDED TO DEVELOP THE SITE THEMSELVES HOWEVER HAS NOW GOT OTHER COMMITMENTS. THE SUSTAINABILITY DECLARATION FOR THIS PROPERTY CAN BE OBTAINED BY CONTACTING THE AGENT.