22 Grout Street, Macgregor QLD 4109

MDR! You can build up to 5 stories with this zoning( Subject to council approval, and need to have bigger land to achieve 5 stories). Act now to inspect this absolute prime development opportunity! Perfectly positioned for a contemporary residential development, this 612sqm level block is centrally placed in an established neighbourhood that has undergone significant gentrification in recent years. Set amidst other newly completed residential apartment buildings, this is a golden property investment for an astute developer to acquire one of the few remaining sites in this area that allows for 5-level residential building.

Boasting a proven track record that demonstrates strong investor appetite for this region, coupled with low vacancy rates indicating continued tenant demand for this popular and convenient location, this presents solid feasibility for the development of a mid-scale unit block - giving you great return on your investment.

Opportunity features:
- Level 612sqm block with 17.6m frontage
- South to north aspect
- Commercial land behind
- Fantastic location
- Close to major employment nodes
- Easy to bus transport & motorway
- Location is in high demand with tenants

An existing high-set dwelling currently occupies the site and presents in rentable condition. It offers a spacious upper level with timber floors throughout the combined living and dining areas that open to a front balcony with district views and an additional rear north-facing balcony for entertainment and garden access. A modern kitchen including fitted cabinetry with tiled splash back and wall mounted oven with ceramic cooktop and range hood. There are three bedrooms, the master has a built-in and all share the use of the main bathroom facility.

Downstairs is the main entry point into the home which has a door separating the levels. There is a spacious rumpus room area with patio access and a large laundry/wet area. A two car garage offers drive-thru capacity to the backyard to one side and there is a shade sail carport over driveway.

Location Highlights include:
- Walk to Westfield Garden City
- major bus exchange
- Walk to local schools and bus stop
- Few minutes to large-scale commercial shopping on Kessels Road
- Close to Griffith University Nathan campus
- Close to Pacific motorway entry points - Short drive to two major hospitals - QEII and Sunnybank Private
- 5 minutes to Market Square
- Brisbane's Asian cultural precinct
- 15 minutes to Brisbane CBD

Call now to find out more information or book a time to inspect.

We are committed to the health and safety of our customers and staff, and their families. There can be a maximum of 50 people in the premises at any time whist adhering 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.