56 Leitchs Road South, Albany Creek QLD 4035

Rarely does an opportunity like this present itself in such a 'blue chip' location. Be the first to secure this expansive parcel of land ripe for townhouse development or perhaps a land subdivision that's only a short stroll from shopping centres, schools and public transport.

Currently, there's a large low set brick 4 bedroom home that resides on the site and would offer a great rental return (approx $500 - $550 per week) while you wait for your DA approval.

Whilst no DA has been lodged at this stage, initial discussions with Council would indicate that a 5 lot subdivision would be welcomed or otherwise, a townhouse complex of approximately 18 x 3 bedroom dwellings is certainly possible.

The home itself offers 4 generous bedrooms as well as an impressive formal entryway leading to a spacious formal lounge with working fireplace and separate formal dining. Vaulted ceilings add a touch of class and the glass sliding glass doors open to the massive outdoor entertaining area and in-ground swimming pool.

Further into the home is a very decent size kitchen with a gas cooker and ample bench space & cupboards. On the other side of the home, an enormous rumpus room separate entry, air-conditioning and ample storage with two extra rooms attached. There is a separate laundry room, great size linen cupboards and easy care tiles and carpets throughout.

The home is predominantly original and whilst neat and tidy, is ready for a cosmetic upgrade should you decide to retain this dwelling and develop around it.

In addition to the already mentioned features is a 2 bay shed which is fully insulated, solar hot-water, colour bond roof, majority of the block is tree free and offers mains sewage.

In a private setting, away from the hustle and bustle, this property will surely tick all the boxes of any discerning buyers looking to capitalize on this rare opportunity.

A full features list includes:

? Centrally located and large, flat, low maintenance 3,139m2 allotment
? Ripe for townhouse development (possibly 18 two storey dwellings) or a 5 Lot land subdivision
? Home has an estimated rental return of $500 - $550 per week
? Choice of 3 living areas including separate spacious formal lounge and dining plus enormous rumpus room with own entry
? Working fireplace
? Vaulted ceilings
? Generous kitchen with 6 burner gas cook top, 900mm oven & plenty of bench & cupboard space
? 4 decent size bedrooms including the guest bedroom with a walk-in robe + built-in robe
? Master bedroom with ensuite
? Ample storage throughout
? Separate laundry room
? Enormous outdoor entertaining area at the side
? In-ground swimming chlorine pool
? 2 bay shed that is fully insulated
? 4 car accommodation
? Solar hot-water system
? Colorbond roof
? Majority of the block is tree free
? Sewage to the home
? Very close to schools, buses & shopping centres

'The Michael Spillane Team' is best contacted on mobile phone to book your private inspections or answer your questions.