Address available on request

Phone enquiries - please quote property ID 08957

Prime Development Site. $375,000. April 2010 contract price to build complex is $ 1,001,500.Construction is expected to take 4-6 months from final BA. Rental income would be around $350/week/townhouse. A Development Approval dated the 24th of June 2009 is for five three bedroom townhouse.

The property is located in a quiet street outside the Q100 flood area. It is centrallylocated only: - 200m from bus stop for transport to CBD, Uni and Shopping Centres.

- 1.5km from the CDB.

- 1.5km from Stocklands Shopping Centre.

- 1.1 km from the North Side Plaza Shopping Centre.

- 5.5km from the Central Queensland University.

- 4.5km from the Base Hospital.

- 600m from Post Office.

The downstairs level of each proposed townhouse consists of single lock up garage,a laundry, toilet and an open living room that incorporates a lounge, dining andkitchen. The dining area opens onto a covered patio and private outdoor area.

Upstairs there are 3 bedrooms and a bathroom. One bedroom has a walk in wardrobe and the other has built-ins. The main bedroom features a walk in wardrobe, an ensuite and has direct access onto a deck with an easterly aspect.

The existing house.

The solid gable home is positioned on a gently sloping 1000m2 allotment. Upstairsthere are two bedrooms, a sleep out, a separate lounge, a dining room, a kitchen, abathroom, a toilet and a front entry room that is being used as a small office.Downstairs there is a laundry facility. There is no car accommodation on theproperty.

Current rental income is $255/week with good tenants in place.A complete information memorandum is available on request.