2 Houses 1 Title 1123m2 LMR
A very unique opportunity for the astute investor, developer, future developer. TWO HOUSES ON ONE TITLE - paying two rental incomes! On one of the biggest blocks of land in Acacia Ridge - a huge 1123m2 level land, zoned LMR 31m frontage by 37m depth. Only 13kms from the CBD.
Numerous opportunities exists for this unique property to either:
a) Buy and hold - gain a HUGE rental income and wait for future property appreciation to increase in value
b) Subdivide into 3 lots of 374m2 and profit from the sale
c) Subdivide into 3 lots of 374m2 and build specie homes on it and sell for a bigger profit
d) Subdivide into 2 larger lots and hold/sell, or build specie homes
e) **DEVELOP INTO TOWNHOUSES OR UNITS** With LMR zoning allowing approx. 1010m2, this could get you approx. 14 x 2bed,2bath units at 72m2 GFA plus carparks/balconies etc!! Yes, you read that right, that's 14 units!!!
f) Live in 1 house, rent out the other. Become a home owner and investor in one!
g) Or even demolish the 2 houses already there, fence it in and build your own huge house in your mini compound! With land this big, no need to put up with hearing