38 Warrender, Darra QLD 4076

Preview this exceptional listing on its way to market. This is a fantastic short, medium, or long term investment, with solid fundamentals for serious buyers*.
Where else in Brisbane could you secure a property with so much potential, at such a competitive price point?

1012m2: 2 lots on 1 title (widowed block) Prospects for 20+ 2/3 bedroom units or 10-12 three level townhouses or split it up! Or you could just buy and hold onto like your own baby!

Property Details:
? 1012m2 MR (MR code presents a range of options under the 2014 BCC plan)
? Rare wider frontage (20-21m)
? 2 lots on 1 title
? Excellent Precedents
? 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 400 m walking distance to high frequency train station (reduced car parking requirement) an important consideration under the BCC plan*.
Would suit an owner occupier or investor. House and gardens very hassle free, but could benefit with some small landscaping jobs and/or updating to kitchen and bathroom. There's room for a big bash match in the backyard, which also presents a number of other options i.e. home business/granny flat/storage etc.
Location and Suburb
Darra is an up and coming suburb. An affordable middle ring suburb of Brisbane with solid growth and 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 to Brisbane CBD (Springfield Lakes and Ipswich lines join at this point), which is only 20 minutes by train to the CBD on the morning express. Less than 20 minutes to the CBD by car outside of peak. 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?