2 Pilgrim Place, Southport QLD 4215

DA Approved Development Site
870m2 of RD5 zoned land approved for four townhouses.

Developer wants to focus on other project so is offering for sale his crown jewel.
The site is uniquely positioned - 50m to light rail station and backing on Bob Hayes park.
Houses are configured as two duplex buildings and offer the following configuration:
Building 1
Unit 1 - 180m2, 3br+study+play room. 3.34m high ceilings, master bedroom is 3.8x3.5m
Unit 2 - 186m2, 4br+play room. 2.74m high ceilings

Building 2
Unit 3&4 - 190m2, 4br with 1 bedroom configured as a multi purpose room. 2.74m high ceilings. 60 and 61m2 of back yard.

Project is offered with full documentation including:
- DA Approval
- Full construction drawings
- SWMP drawings
- Landscaping drawings
- 3D renderings for marketing
- Negotiated very low demolition cost plus other quotes

Buildings have been value engineered for low cost easy construction while maintaining attractive looks, durability and good internal configuration.

There is an existing house that is in a very good condition (can rent for the next 10 years with negligible maintenance cost) and is currently rented on a month to month lease for $450 p/w.

The project is shovel ready so you can start building pretty much right after the settlement.

Due to unique position and desirable configuration sale appraisal is around $580k per unit. Excellent feasibility is achieved at a more conservative selling price of $565k per unit.

Developer is keen to sell so make your move now as it won't last.