4 McPherson Street, Caboolture QLD 4510

Welcome to 4 McPherson Street, Caboolture...

Zoned Residential B (C), a prudent investor will appreciate the value of this site and the potential yield from Unit/Townhouse Sales and Rental returns when fully developed in the future.

Presenting an excellent opportunity to secure this valuable site now for the expected future growth in the Moreton Bay Region. Situated in the "Educational & Health Precinct" of Caboolture where potential owners and/or tenants can walk to transport, shopping, the QUT or Medical services.

You will appreciate an approx. 16.5m wide frontage by approx. 40.0m deep, giving you a clean, level, rectangular shaped block with no easements or flooding concerns.

Currently situated on the block is a Circa 1950’s built high-set home that would ideally be removed and/or relocated in order for you to start earthworks as soon as your DA is approved.

The home is being offered in “as is” condition due to its age and style of construction, so any sale contract would not be subject to a building condition per say, although a pest inspection would be welcomed to satisfy any potential Termite concerns.

> Total development site area 673m2
> 1.0 km from Caboolture Railway
> 10 Minutes walk to Shopping and Medical Centre
> 1.0 km walk to Caboolture Hospitals
> 1.2 km walk to QUT Caboolture Campus
> Easy access to Bruce Highway (1.5km)

This prime position within walking distance to the Caboolture CBD offers many development prospects that may be considered subject to Council Application and Approval.

There is currently a fixed term lease in place until 2nd August, 2023 paying $300 per week. A future projected market rent could be up to $420 per week in its current condition.

If you would like more information on this property, please don’t hesitate to contact Scott Lachmund or Jarrod Willis today before this rare opportunity is missed.

Note: Please allow 24 hours notice for all inspections due to the current Tenancy conditions.