14 Thorpe Street, Balmoral QLD 4171

Attention Developers and Investors - 860m2 LMR Block!

An unmistakeably fantastic investment/development opportunity Not to be missed.

Presented to the market for the first time in over 16 years. Seize this very rare opportunity to secure one of the few remaining large development blocks in the Oxford Street precinct.

Currently configured as 4 units on one title. Perfectly positioned only 90 metres from Oxford Street on an elevated flood free site.

Equally suitable as an investment or development option

INVESTMENT
A rock solid investment option perfect for a self-managed super fund or the savvy investor with returns of $60,000 pa. There is also scope to refurbish and reap the rewards of higher rental yields.

DEVELOPMENT
Call your town planner, with 860m2 of LMR zoned land in one of the most sought-after positions, the opportunity for development is unmistakable.

Property features:
- 860m2 block zoned LMR
- Elevated with potential for views
- $60,000 rental income
- 3x 1 bed 1 bathroom units
- 1x 3 bed 1 bathroom units
- 4 garages and plenty of off street parking

Bulimba's popular restaurant and café precinct, Oxford Street is less than 100 metres from your doorstep. public transport options include buses and Citycat.

Located just 5km's from the CBD the easy transport access and proximity to the city and local amenities ensure that vacancies are minimal.

If you're looking to make your next investment that will provide strong rental yields and capital growth in one of Brisbane's best inner-city postcodes register your interest and get a copy of the information memorandum.

Unit 1 - $360 per week - Lease ends 13/12/2021
Unit 2 - $277 per week - Lease ends 26/07/2021
Unit 3 - $255 per week - Lease ends 10/05/2021
Unit 4 - $265 per week - Lease ends 28/10/2021
TOTAL - $1,157 per week - $60,164 PA