43 - 45 Pickworth Street, Upper Mount Gravatt QLD 4122

This is a prime opportunity to secure a development site with high rental yields from two properties and within walking distance from the Garden City Shopping Centre.

Your opportunity to either land bank with great holding income or develop an apartment block which will be very popular to home buyers and investors being so close to the major shopping centre, the Gateway, Pacific Motorway & the Busway.

With 2 bedrooms new apartments (within walking distance to Garden City) on the market now in the low mid $500k and 3 bedrooms on the market for $600k+, you won't find a better site than this!


43 PICKWORTH ST FEATURES :
> 612m2 of land
> 9 x bedrooms house with 6 rooms being rented (total $905/wk or equivalent to $47,060 per year)


45 PICKWORTH ST FEATURES :
> 604m2
> 4 bedrooms house partially renovated with multiple living areas


DEVELOPMENT POTENTIALS :
> Total 1216m2 of Medium Density Site
> In the Upper Mount Gravatt Medium Density Precinct (1d)
> allows for 5 storeys, 18m and 1.25% plot ratio


NUMBER 1 LOCATION:
Outstanding location with close access to literally everything; walking distance to Garden City Shopping Centre & bus depot, minutes to Griffith University, Sunnybank Plaza, Queen Elizabeth Hospital, the Pacific Motorway, the Gateway Motorway, the CBD & Airport, plus endless local shops, restaurants and much more!


Contact Agent now for more information or to submit an offer, owners must sell!