2-3 Rufous Court, Caloundra QLD 4551

$525,000 lot 2 ($565,000 lot 3). Price negotiable.

Renovate, rent, strata or re-build

766sqm (lot 2); 1113sqm (lot 3).
Total 1879sqm in the heart of the city, zoned for medium density development.

Owners will consider selling each block separately or as a package.

Both blocks have a 2-bedroom villa and a 3-bedroom villa, all with a lockup garage and plenty of yard. All are currently rented, with excellent cash-flow.

The canny investor will see lots of potential here:

1. Buy both sites and construct up to 10 units, STA
2. Renovate existing villas and maximise the rent
3. Strata-title the villas, sell all four or keep some
4. Add a villa to the existing buildings, STA
5. Land-bank and watch the value grow in this sought-after location
6. Ideal for families looking for dual residences, or investors wanting good returns and capital growth

These adjoining properties are located between the primary and secondary schools and close to Sunland Shopping Centre and the main street.

Opportunities like this, with so much potential and so many possibilities, are rare.