3 Osborne Road, Mitchelton QLD 4053

Development Approval for 20 x 2 bedroom 2 bathroom units, plus 1 x 22m2 future commercial shop/ office in a prime middle-ring Brisbane suburb.

This 1067m site is located at Mitchelton, approximately 8 kilometers from the Brisbane GPO, Queensland.

The site is adjacent to Mitchelton Park, a short walk to the Mitchelton Train Centre and Brookside Shopping Centre and bus station. With 120 stores, Brookside Shopping Centre is the largest shopping centre in Brisbane's north-west, with the suburb boasting schools, restaurants, medical facilities, trendy Blackwood Street cafes and the popular monthly Mitchelton Farmers Market.

Units have been designed to have balconies either directly overlooking Mitchelton Park or with park views.

Unit sizes ranges from 82m to 100m with estimated sales prices (depending on finish) ranging from $450,00 to $485,000.

Estimated rental returns when built are $430 - $460 per unit per week (depending on finish) plus $170 per week for the shop / office.

The existing house is rented by the room providing a gross income of approximately $50K per year and excellent holding income.

Approval is for a cost effective design and floor plate layout with all parking at ground level (no basement).