124 Mein Street, Scarborough QLD 4020

Metres from Scarborough Beach, overlooking the glittering waters of Moreton Bay, lies this exciting development opportunity offering an array of enticing and potentially lucrative options. This 1214sq m property is being sold with a DA in place so it's an ideal ready-to-build project for a savvy buyer.
Currently returning $54,860 in its configuration of four flats in varying condition, with a recently replaced roof. The DA includes 16 units across four levels, however zoning extends up to seven levels so a possible DA amendment could increase unit volume to 20-25 units if desired.
This ultimate beachside address, still within reach of Brisbane, offers but is not limited to:
+ 1214sq m DA approved development property
+ Currently returning more than $54,000 per annum
+ Configured as four flats in varying condition with stable tenants
+ DA for 16 units across four levels, zoning for seven levels
+ Potential to subdivide the block subject to council approval
+ Metres from Scarborough Beach, cafes, restaurants and parks
+ Walk to schools including Scarborough State School and Redcliffe State High School

* Disclaimer - We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research.