30 Arcadia Crescent, Darra QLD 4076

This is a fantastic short, medium, or long term investment, with solid fundamentals

Where else in Brisbane could you secure a property with proven potential and growth, at such a competitive price point?

1146m2: 2 lots on 1 title; solid existing 3 BD postwar stucco home rented reliably. Prospects for 20+ 2/3 bedroom units or 10-12 three level townhouses or split it up! Or you could just buy and hold.

Property Details:
• 1146m2 MR (MR code presents a range of options under the 2014 BCC plan)
• Rare wider frontage (20-21m)
• 2 lots on 1 title
• Good Precedent
• Clean development site 400mm fall, no flood, no DCP, no contamination, no easements affecting code assessment, ready access to sewer and storm water/essential services*.
• Less than 400m walking distance to high frequency train station (reduced car parking requirement) under the BCC plan*.
• 3 BDRM Post war stucco property renting to good long term tenants.

Would suit an owner occupier or investor. House and gardens hassle free and solid, but could benefit with minor renovation. There's room for a big bash match in the backyard, which also presents a number of other options i.e. home business/transportable granny flat/ great shed etc.

Location and Suburb

Darra is the next suburb in a line of suburbs to go. An affordable middle ring suburb of Brisbane with solid growth and reliable rental yields. Developments in nearby areas have increased the desirability and liveability of the suburb. Houses in the established areas of the suburb are tightly held by local investors and owner occupiers.

Wide leafy streets showcase a mix of housing; Queenslanders, post war, and a number of larger new builds. Darra has a large Vietnamese and post war migrant community, with a growing number of young families. A thriving central zone with some well-known restaurants. Adjoining Oxley recently had a major village centre transformation with a mixed use commercial development and Woolworths and has seen unit/townhouse stock snapped up quickly.

The area is very convenient. A 'high frequency' train stop makes it close to Brisbane CBD, only 20 minutes by train to the CBD on the morning express. Less than 20 minutes to the CBD by car. The area will continue to be serviced by new transport projects improving access to Brisbane (Ipswich Motorway Upgrade, Legacy Way tunnel).

The property is in the best part of the suburb, and is one of the biggest MR sites. It’s also only 150m to active frontage in the centre zone. Where else could an Oxley Woolworths style village centre equivalent be located in Darra in the future?

*Please take care to ensure your own due diligence on any information provided or implied.