Situated in the heart of Logan Central with the Train Station at your doorstep, this unique development/Investor opportunity is a portfolio you cannot afford to miss.
Boasting a flat 850m2 block with a zoning of Low Medium Density, this property provides many options for the Developer and Astute Investor wishing to capitalise now or for the long term future.
The property has a 2 Bedroom home with a current tenant in place on a periodic agreement. The weekly rent is $260 per week.
DEVELOPMENT CRITERIA:
The Lot is zoned LMD within the apartment precinct. Code assessable uses include your standard residential uses i.e. Apartments, etc.
This zoning allows for the lower levels to be used as low impact commercial uses including Childcare Centre's, Food and Drink outlets and Health Care facilities to a maximum of 200m2.
Density is max 75DPH which means on an 850m2 block, you will be able to get 6 (possibly 7) apartments without an issue.
Maximum Building height is 18m (approx 6 storeys) with a maximum site cover of 45% Total GFA - approximately 2249m2. Please keep in mind this will need to include car parking.
Ideally, the perfect development application for this site calls for a 6 Storey, 6 Apartment block including a commercial bottom floor fronting Garfield Road.
Please note: All applications to council are subject to council approval.
Should you require any further information or wish to arrange an appointment, please contact THE MURRAY TEAM today! 翻譯中文