8-10 Kraatz Avenue, Loganlea QLD 4131

Investors, Developers Or Land Bank

This is the perfect opportunity to secure your financial future. Whether you're an investor, developer or just looking to land bank and reap the future profits!!

Set in the Residential Medium Density Core Precinct ( 15m Height Limit, Maximum 4 Story's). Approved for 15 x 2 Bed, 2 Bath Apartments, Terrace Homes, Townhouses or Fonzie Flats allows you to start now or hold for future land gains. Also a potential for 2x dual occupancy properties or possibly duplex properties. There is an area fenced off to put a secondary dwelling straight in which would rent for $320 - $340 per week. The 3 bedroom high set home is currently tenanted for $420 per week. This would provide a return of around $750 per week to offset holding costs.

Within walking distance to the train station, Logan Hospital, Tafe College and Griffith University close by the location is perfect. Getting around is just as easy being within close proximity to the M1 & Logan Motorway.

The house is an older style 3 bedroom, 1 bathroom, lounge plus kitchen and dining upstairs and storage downstairs with a double lock up garage. The property is fully fenced and has plenty of space around the house.

For your private inspection or for a copy of the Loganlea Neighbourhood plan and development report call Jason Savage.