1 Silkwood Street, Algester QLD 4115

Duplex of 2 UNITS IN A BLOCK OF LAND 830 sqm. Great opportunity here! Calling all the investors!
Last LMR2 Zoning property in BCC with potential to build up to 3 storey multiple units or townhouses. Block of 2 units sold as a single title with land size of 830 m2 and 30 meter street frontage. This is a lifetime opportunity to create CASH FLOW with huge future development / capital growth potential. This is one of the last properties in the Brisbane city council with LMR2 zone which has not undergone full development potential. No Body Corp fee and it's a freehold with single title. Unit 1 is currently rented out for $310 per week & Unit 2 is $300 per week. Total Rent $610pw.
Development Opportunity Details:
This Property is zoned LMR2 (Low medium density residential 2 or 3 storey mix) which allows to build maximum 3 storey or 11.5 m height and more details are available with Brisbane city council. The street frontage for the property is close to 30 meters which gives unique advantage.
Property Features:
Unit 1/1 Silkwood St Algester
* 2 Bedroom with Built in robes
* 1 Bathroom
* Functional Kitchen
* Combined lounge and dining
* Private courtyard
* Single car port
Unit 2/1 Silkwood St Algester
* 2 Bedroom
* 1 Bathroom
* Air-conditioning unit
* Functional Kitchen
* Combined lounge and dining
* courtyard
* Single car port
2 additional visitor car parks also available for common usage.
PUBLIC TRANSPORT
20 metres to bus routes P129, 130 131, 135, 136, 829
Access to three (3) Train Stations within 4kms - Sunnybank Station, Runcorn Station and Banoon Station.
Access to Logan Motorway and Gateway only 5 mins drive.
SHOPS & SERVICES
100 metres to local Ridgewood Shopping centre (bakery, Asian supermarket, medical service, pool care and more); and only 2-5kms to Central Park Shopping (Post Office, liquor store and more), Drakes Shopping Centre; Calamvale Central and Sunnybank Hills Plaza.
SCHOOL CATCHMENT ZONES
This property is in the catchment zone for excellent schools at Algester Primary School and Calamvale Community College.
Additional schools in the local area include St Stephen's Catholic Primary School, Wisdom College, Stretton State College.
Please call me on 0450927578 to arrange a viewing for you!
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur.