1 Lane Street, Clontarf QLD 4019

Must sell! Must sell! Must sell!

MAKE NO MISTAKE ABOUT IT THIS PROPERTY, IT ABSOLUTELY MUST SELL ON DAY OF AUCTION OR BEFORE.

Great investment opportunity with development potential and right alongside the waterfront Hornibrook Esplanade.

Currently returning almost $1000 per week!

A massive corner land parcel of 913m2 that has had DA approval to add a fourth unit to the site that already has massive returns.

Just imagine into the future and decide for yourself whether this spot is going to be the next high rise development location taking in the water views.

In the mean time you can take advantage of a steady income stream of what could be more than $1000 per week with a bit of imagination.

Currently there are three flats on the site...

Flat 1 is a two bedroom one bathroom flat with modern touches with side access and car-parking alongside returning $315 per week with a tenant that has been here for almost 10 years.

Flat 2 is a four bedroom one bathroom flat with lots of extra living space and a rumpus area downstairs and lock-up garage returning $375 per week.

Flat 3 is a two bedroom one bathroom flat with plenty of space and returns $305 per week.

The previous DA approval suggested Flat 4 that offered two bedrooms and one bathroom and if it was built brand new would capture a handsome rent.

This is a great investment opportunity and will not last and must be sold so all offers are encouraged.

Note: This property is being sold by auction and therefore a price guide can't be provided.
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Block of three flats
Returning almost $1000 weekly
913m2 parcel of land
Great investment
Development potential
Great tenants