35-41 Simpsons Road BARDON QLD 4065
Under Contract

DESCRIPTION

A fantastic opportunity to capitalise on the inner-city demand for town homes in the sought after inner north precinct of Bardon which lies 6km to the north west of the Brisbane CBD.

Currently designed as a 14 x town home site, over 5 lots and a total of 2629sqm, this is one of the most significant land holdings of its type in Bardon and is unlikely to be repeated.

The completed town homes will command a premium price point with valley views toward Ashgrove, courtyards, decks and ample living spaces. The suburb and street also has plenty of recent sales of similar product with prices ranging from $800,000 to over $1million.

With a strong history of demand for this product, in this premium suburb, you can certainly move ahead confidently that this site will provide the types of returns rarely found in Brisbane.

The current owners change of circumstances has resulted in this reluctant sale.

Contact Daniel Goodwin on Reveal Phone for a full information package.
Please find below the details of this opportunity.

Site Address -
35-41 Simpsons Road, Bardon and 41 Rosewood St Bardon QLD 4060.

Formally known as
Lots 7,8,9 & 10 on RP20193 and Lot 5 on RP111175.

Land Valuations (UCV)
35 - 37 Simpsons Road land area of 1,021sqm $930,000 as at 30 June 2017
39 - 41 Simpsons Road land area of 1,001sqm $930,000 as at 20 June 2017
41 Rosewood Street land area of 607sqm $680,000 as at 20 June 2017
Total Land Valuation $2.540million.

Total Site area is 2629sqm
Site Frontage to Simpsons Road is 42.7 metres
2 x Street frontages, being Simpsons Road and Rosewood St Bardon
Zoning is LMR 2 and 3 Story
Council is Brisbane City Council

Proposed Site Configuration
14 Townhomes consisting of
11 x 3 bed, 2 bath, 2 car
3 x 3 bed, 2 bath, 1 car

Total Proposed GFA is 2,225.71sqm
Average Individual Townhome GFA is 158sqm
Valley views toward Ashgrove.

Holding income consisting of -
37-39 Simpsons Road, Leased till June 2018, $800per week
35 Simpsons Road, Leased till April 2018, $350per week
41 Rosewood Street, Leased till May 2019, $500per week
Total income per week of $1,650 per week or $85,800 per year.

Location -
6km to Brisbane CBD
6km to Southbank Parklands, Museum, Cultural Centres.
3.5km to Western Freeway
3km to Suncorp Stadium
3km to Milton Train Station
4km to Brisbane Boys College
4km to Brisbane Boys / Girls Grammar
3km to Marist College / Mt Saint Michael's
2.9km to Mt Cootha Botanic Gardens
450m to St Josephs School, Bardon
Bus route on Doorstep
Cafes and restaurants all within 500m

Please do not enter any property as all are currently occupied.
All areas and sizes are approximate and development is subject to council approval.

Contact Daniel Goodwin on Reveal Phone for a full information package.