PROPERTY DESCRIPTION
If you have been looking for an opportunity and excellent profit with minimal outgoings, then this development may be the investment for you. The unusual feature of this investment is that it allows you to liquidate in four stages and fund the next stage as you go.
Located in highly sought after Cornubia, this 2635sqm block already has 2 full DA approvals as a 3 lot subdivision and a 7 lot townhouse complex, and even the Operational works have already been done.
A builder has already been selected and briefed, or choose one of your own.
All the ground works have been completed including water, power, earthworks and sewage . (Plumbing and Drainage has been approved to individually service each lot for titles)
The areas surrounding the units being (Driveways and Communal open space) will be on a community title making the body corporate fees around $800.00 a year, including sinking fund,
The four approved stages are:
Stage 2 – Villa 2
Stage 3 – Villas 3 & 4
Stage 4 – villas 5,6,7
So you can build each stage, have it titled, sell it then roll the funds over to the next stage. If you decide not to build the Villas, then the 2nd DA kicks in and you can just sell each stage individually (land only with building approvals in place)
Each of the 6 villas will have 4 bedrooms, 2.5 bathrooms and a double garage. They have a sales value in the high $700,000s price range for each.
The development is in a quiet, quality enclave of Cornubia and is only a few minutes drive to the Logan Hyperdome, with hundreds of shops, restaurants, cinema’s and of course the large Logan Bus Interchange, offering services all over Brisbane.
There is a bus stop just around the corner and a number of schools are close by, including Shailer Park primary and high, John Paul College and St Mathews primary and Chisholm College.
For the sports minded, there are four golf course within a few minutes, a sports centre and any number of playing fields and sports clubs.
Cornubia is only minutes from access to the M1 and Ipswich motorways putting the CBD, Gold Coast, western suburbs and even Brisbane airport less than ½ hours travel.
Ideal for the angler, the Logan River is renowned for fishing and crabbing, and the fisherman’s paradise of Moreton Bay is also only 1/2 hour away.
For more information please contact Natalia Blewett on 0407556515
