40 Andrew Street, Capalaba QLD 4157

For the aspiring developer, there's no looking past this property which has a Development Application approval for SIX lots. A perfect position for developing and growing your wealth, this property is only a very short drive to all of Capalaba's major shopping centres, novelty shops, cinemas, transport, restaurants and stores for your every need along Redland Bay Road.

Currently on this 2,559m2 allotment is a four bedroom home with 2 bathrooms and single bay garage PLUS a fully self-contained granny flat. There's also a 2-bay shed with carport plus an additional triple carport. There's an in-ground pool in need of some attention. There are fantastic tenants who are paying a rental of $660 per week - they look after this property as if it was their own and never miss a beat with their rent.

You only need do some research to see that land in Capalaba is extremely rare but the suburb is very sought after given its excellent infrastructure. It also provides easy access to Brisbane City via Moreton Bay Road. With some recent land prices for small allotments in the Capalaba area ranging from high $200,000's to low $300,000's, the maths is easy! This development offers a great opportunity for an astute buyer.

Call the marketing agent today if you would like to know more.