43 North Street, Mount Lofty QLD 4350

This prime DA Approved Unit Development Site on a 1012m2 corner allotment sits within the Low to Medium Density Residential Zoning and is ready to progress the project.
The plans are for two Townhouses each with 2 bedroom, 2 bathroom, and 1 garage, plus two Lowset 2 bedroom, 2 bathroom, 1 garage Units, for which you can bring your personal touch to the façade, fit out and finishes to these cleverly designed units.

Fabulously situated in an elevated location just a few minutes away from North Point and Northlands Shopping Centres, the Toowoomba State High School, Toowoomba TAFE College, Downlands College, Horne Park and the Southern Cross Reserve Oval adjoins this property. Bunnings & Mitre 10 Hardware, and Toowoomba's CBD just a few more minutes' drive, or a Bus Stop is at your front door. From the top story of the townhouse's, you will enjoy sweeping views across to the city centre and beyond and appreciate the city lights of an evening.

The corner allotment development site will have good access from Stuart Street, and the gentle slope and topography of the site provides for easy stormwater management to the street. Power, town water, and sewer infrastructure are all conveniently available, and no easements or sewer lines burden the site.

The existing Post War style comfortable 3 bedroom timber home is cladded in a contemporary linear board look. The home features an open plan combined kitchen dining and lounge room opening from the front entry area. It has one family bathroom, a laundry, and rumpus or third bedroom at the rear of the home. The large character double size powered garage has a single remote roller door, and a separate storeroom within. There is a single carport at the rear accessed from the Stuart Street side access.

The property currently returns $300 p/w with a lease in place to March 2023, and tenants keen to stay on further, providing an income stream during the project preparation and finalisation phase is completed.

Rates: $1350:55 per half year
Water Access: $ 314:95 per half year

An excellent development and capital gain opportunity here. Please call Murray Troy with your enquiries, and to arrange your private inspection of the property.