9 Lower King Street, Caboolture QLD 4510

Welcome to 9 Lower King Street, Caboolture...

Zoned Residential B (C), a prudent investor will appreciate the value of this site and the potential yield from Unit/Townhouse Sales and Rental returns when fully developed in the future.

Presenting an excellent opportunity to secure this valuable site now for the expected future growth in the Moreton Bay Region. Situated in the "Educational & Health Precinct" of Caboolture where potential owners and/or tenants can walk to transport, shopping, the QUT or Medical services.

You will appreciate a wide 19.9m frontage by 49.7m deep, giving you a clean, level, rectangular shaped block with no easements or flooding concerns and the added bonus of potential rear access from Battersby Street.

Currently situated on the block is a 1960’s built highset home that would ideally be removed and/or relocated in order for you to start earthworks as soon as your DA is approved. The home is being offered in “as is” condition due to needing some roof restoration/misc maintenance items so any sale contract would not be subject to a building condition per say.

> Total development site area 1,012m2
> 300m from Caboolture Railway
> 10 Minutes walk to Shopping and Medical Centre
> 1.5 km walk to Caboolture Hospitals
> 1.7 km walk to QUT Caboolture Campus
> Easy access to Bruce Highway (2km)

This prime position within the Caboolture CBD offers many development prospects that may be considered subject to Council Application and Approval.

There is currently a fixed term lease in place until 3rd November, 2022 paying $350 per week.

If you would like more information on this property, please don’t hesitate to contact Scott Lachmund today before this rare opportunity is missed.

Note: Some marketing images have been displayed prior to the current tenancy. Also please allow 24 hours notice for all inspections due to the current Tenancy conditions.