144 Persse Road, Runcorn QLD 4113

Welcome to Runcorn's most versatile investment property. With wide scope to do a variety of options, this property will capture your interest, your imagination and make you a lot of money.

With a large established house spread over 400m2, with 5 bed, 3 bath, 2 car, a huge entertainment area and pool easily returning a generous $750/week in rent you have a passive income while you decide your next move. Good bones and large proportions make renovating/refreshing this home another exciting option. The position itself is central to many amenities and the block has a gentle rise from the street to the rear preventing any potential water issues and at the same time making development and civil work more cost effective. On the right-hand side of the block there is council land which would be a great opportunity to ask council if they are willing to lease or sell a portion depending on your future development plans (STCA).

As a potential childcare site, this property ticks the boxes for the required demographics including population growth, age, income, employment rate and future supply. With a shortage of childcares in the area and easy access from Persse Rd, finding a suitable operator to run this site once it is completed will be a breeze. Initial meetings council are showing promise (STCA).

As a subdivision site, there a quite a few configurations possible (STCA). The easiest and possibly the most profitable option is to keep the existing house and splitting off 2 blocks at the front and running a driveway down the side or middle. With several configurations possible due to the 30.3m frontage it comes down to the price/m2. 4 x blocks at the rear with access through Rushton St have already been sold (29, 31, 40, & 42 Rushton already sold, settled and new homes built).

The house itself has multiple living areas, including a large rumpus, formal lounge and dining and a gourmet kitchen with central island bench finished with 40mm granite tops. The driveway is a smart design with direct access to the garage and a U-shaped entry and exit for easy access to Persse Rd.

Here are some of the outstanding features you need to know:

- 30.3m frontage with a total of 2145m2
- Gently sloping to the rear
- West facing block
- Ideal block to build a dream home or renovate the existing home
- Subdivision potential (STCA)
- Childcare potential (STCA)
- Ideal for land banking and renting for $750/week
- Blank canvas, vacant and ready to move in or rent
- Mostly cleared and ready to build
- Keep the existing house and split off 2 x blocks at the front

A truly exciting opportunity to own a large parcel of land in a prime location. Make no mistake the owners are motivated to sell and will look at all serious offers.

We are committed to the health and safety of our customers and staff, and their families. When entering a premises please adhere to all social distancing (2m2 apart for spaces less that 200m2 and 4m2 apart for spaces more than 200m2) and strict hygiene requirements. Please also ensure that you follow social distancing measures and keep 1.5m away from each other.

All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.