306 Newnham Road, Upper Mount Gravatt QLD 4122

Let your imagination run wild with designs and decor as you plan out two perfect new homes to be developed on this prime site of 607sqm in Upper Mt Gravatt.

With the DA approval process already completed, it will take little time, effort and cost to get a new build project underway.

Highlights of this fantastic opportunity include:
– Level land size of 607sqm with 15m frontage and in excess of 40m depth.
– Easy rectangular shape with no easements
– Public side pathway on one side of the block provides good separation from neighbours
– Subdivision will provide two low maintenance blocks of 303sqm & 304sqm
– Neat and manageable to suit a narrow-style modern two-storey home
– Super convenient location with bus stops and local shops in walking distance
– Massive future rental prospects with strong tenant demand
– Brand new product is highly desirable and likely to attract a premium giving you high ROI
– Part of a booming pocket of Upper Mt Gravatt
– Minutes drive to motorways; Westfield shopping centre, recreational hubs & employment nodes – Inside Wishart primary catchment and Mansfield SHS, walk to St Catherine’s primary – 20 minutes to Brisbane CBD; 15 minutes to Airport; 45 minutes to Gold Coast

This property come with a very rentable 3 bedroom home that is presented in great condition. This assures you of a handsome rental income while you get your building plans finalised and approved.

Solid brick and tile, this cute home is a great base for a small family or couples sharing. It includes a neatly fenced garden with front porch and secure side carport parking plus a huge backyard. Inside has a modern feel with spacious lounge room with timber laminate floors. A separate dining and kitchen facility that has air-conditioning and fans. The kitchen includes decent appliances with fitted timber & laminex cabinetry and high counter tops. Large laundry room, three bedrooms (two with robes) and a central bathroom that is neatly appointed and has an adjoining toilet.

This home has an expected weekly rent of $385 p.w and given the convenience to bus stops, local shops & services, the close proximity to large-scale amenity like Westfield Garden City and being in the Wishart Primary catchment, is a virtual guarantee of tenant demand, that’s bound to escalate should one of the new homes become available to rent.

This is a sensational acquisition for an astute builder or independent party to secure. The potential to turn a profit is very high with the right approach and a savvy design to suit either the rental or first home buyer’s market.

Take a closer look and attend the next open home or book a inspection time with me today.