Underwood QLD 4119

DESCRIPTION

We are pleased to offer to the market an outstanding mixed-use residential 4 bedroom 2 bathroom 2 garage home with development opportunity. Upper Level: - 3 Large Bedrooms with built in robes - Good sized kitchen with separate dining and all modern appliances with a stone benchtop - Large living room - Good sized covered patios at the front and back which can be used as large entertainment areas - Family bathroom with convenient separate toilet - Polished timber floors throughout - Downlights installed throughout the property giving it a sleek modern look inside - Aircons installed throughout the property Lower Level: - 2 spacious rooms - Downlights and aircons - Separate laundry, storage, and open plan area - Good sized bathroom and a toilet - Secure garage - Under deck entertainment area with a separate garden Rental Income: - Currently getting a rental income of $750 - $850 Key features include: • Land Area - 809m²* • Medium Density Residential Zone • DA for 15 apartments, five of 2, 3 and 4 bedrooms • 5 Storey* Height Limit offering northerly views • Permitted uses include Multiple Dwelling, Motel, Aged Care, Retirement • Fully serviced level site • Easy access to Pacific Motorway and other major arterial roads • Within close proximity to parks, reserves, library, gyms, 50m swimming pool and within the Springwood Road State School and Springwood High School catchments. • 12 minute walk to Springwood’s Busway Terminal, ideal for city commuters • 20 minute drive to Brisbane CBD and 50 minutes to Surfers Paradise • 10 minute drive to Garden City Shopping Centre and less than 1 km to multiple shopping precincts • 15 minute drive to growing Health and Medical Precinct with expected $550 Million in planned investment, an ideal investment for hospital workers, patients and NDIS investors • $18.9 Billion planned Infrastructure investment in the regional area For more information, please contact Mario Economou on 0421 236 859