8 Cadell Street, Toowong, Qld 4066

bedrooms 3
bathrooms 1
parkingSpaces 2
|独栋别墅
Under Contract prior to Auction
Under Contract prior to Auction
刊登日期: 2024年12月08日
更新日期: 2024年12月08日
8 Cadell Street, Toowong, Qld 4066
8 Cadell Street, Toowong, Qld 4066
8 Cadell Street, Toowong, Qld 4066
+11
8 Cadell Street, Toowong, Qld 4066
  • 11
房源编号: 146615076
翻译为中文

DA Approved Site - Develop, Invest, or Build & 'Rent-to-Hold'

8 Cadell Street, Toowong, Qld 4066
NOTE:  DA expires on 7 August 2025 based on Ministerial Extensions ... more information is available upon request.

This is a rare and exceptional opportunity for developers, builders, investors, and those looking to build on a 'rent-to-hold' basis or simply to 'land bank' as a wealth creation strategy. The hard work has already been done to mitigate the planning risks. Current development approval is for ten (10) apartments across three (3) levels, ground plus two (2), in the heart of the established and sought-after precinct of Toowong.  

This 809sqm block offers the opportunity to commence a quick and profitable development, and with the 2032 Olympics fast approaching, southeast Queensland's future growth is predicted to be significant. The outlook indicates a significant upside, with the shortage of quality homes and extensive population growth outstripping supply in the greater Brisbane area. Opportunities such as this are 'rare as hen teeth'.

The brick-and-tile home is currently tenanted, providing immediate income, and the opportunity provides but is certainly not limited to:

* 809sqm relatively flat block of land with a 3 bed, 1 bath, 2 car brick and tile home;
* Current development approval for 10 apartments over 3 levels with a striking facade;
* Approval is for 9 x 2-bedroom apartments, & also includes 1 x 3-bedroom on top floor;
* Façade has a striking appearance, with a design allowing for courtyarded apartments;
* The home has a tenancy in place until January 2025, providing immediate income;
* Tenant is desirous of staying on or can leave with the appropriate notice being issued;

Located in the established suburb of Toowong, it is known as the second business district for the greater Brisbane area. The Toowong Village Shopping Centre and Railway Station are within walking distance, and the CityCat and Wesley Hospital are nearby. A lifestyle position, it is only 200m from the Morley Street shops, which house a number of deli cafes, including the Toowong French patisserie. Couple all of this with the demand from the University of Queensland, and it makes for a prime investment suburb.

The Toowong area is renowned not only for its business connections with the medical fraternity but also as a tremendous educational precinct with easy access to Brisbane Boys College, Stuartholme, St Peters Lutheran College, Ambrose Treacy College, Brigidine College, St Ignatius College, plus the public schools of Toowong State School and the now sought after Indooroopilly State High.

A full information kit is available on request, and inspections are being conducted via both Open Homes and private appointments.  However, with the current tenancy in place, options will be limited, so do not delay.  All assistance will be given to achieve a timely sale.


*******
All information contained herein is gathered from sources we consider to be reliable.  However, we cannot guarantee or give any warranty about the information provided.  Interested parties must solely rely on their enquiries.

Note: This property is being sold by Expression of Interest and has not nominated a price. The website may have filtered the property into a price bracket for website functionality purposes only.

房产细节

基本信息

房产类型
独栋别墅
房源状态
Under Contract
车位
2
土地面积
809.00 m2
户型结构
3 卧室, 1 浴室
详细地址
8 Cadell Street, Toowong, Qld 4066
Scott Gemmell
Scott Gemmell
1/120 Bluestone Circuit, Seventeen Mile Rocks, Qld 4073
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Scott Gemmell
Scott Gemmell
1/120 Bluestone Circuit, Seventeen Mile Rocks, Qld 4073
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房源编号: 146615076

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