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Acacia Ridge, 26 Chardean St

2 Homes, 1 Title, 1123m2 = Excellent Investment!!!

Offers Over $799,000

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Listing Number: QAV4732
About this listing
**Development Opportunity Not To Be Missed** - UNIQUE! Because The Ordinary Just Won't Do

Brisbane City Council zoning of LMR (light to medium residential) allowing for 45% site coverage and 2 levels up to 9.5m high (GFA gross floor area approx. 1010m2). Your town planner and architect can develop the best utilisation plans of this property. This LMR developable land is an ABSOLUTE BARGAIN at compared to similar developmental opportunities in the same LMR area - do the numbers, get the results!

Located an ideal location in Acacia Ridge its character and charm flaunts, just 13kms from the CBD, great access to major roads and arterials, across the road from O'Sullivan Park and recreation centre with buses and shops in easy walking distance. This property offers all the living conveniences you need, but in a quieter leafy street with a homely neighbourhood feel.

This is a very unique opportunity for the astute investor, developer, future developer to buy 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.

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 homeowner 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 the neighbours at all.

Currently rents at $255 and $350 p/w with long term tenants in place.
With so many options and qualities, be quick as this property will sell itself!
Features:
Medium set home:
-2 Bedrooms home on a fully fenced yard
- Large sleepout
-1 Tiled Bathroom
-Open plan living area
-Single Carport
- Separately Fenced

Highset hardwood Granny flat features:

* 3 Bedrooms (2 Built-in)
* Balcony to main
* A updated airy light tiled bathroom
* Updated Kitchen
* Single under cover car accommodation
* Polished timber floors throughout,
* open plan kitchen and dining area
* Private balcony off the main bedroom with complete privacy
* Parks and shops just 2 minutes' walk away
* Car accommodation under house with room for a workshop.
*Walk to local shops, transport and schools
Property Information
  • Land Size: 1123 sqm
  • Property Type: House
  • House style: Highset
  • Garaging / carparking: Closed carport
  • Joinery: Timber
  • Flooring: Timber and Polished
  • Kitchen: Standard
  • Living area: Open plan, Separate living
  • Main bedroom: Built-in-robe
  • Bedroom 2: Built-in / wardrobe
  • Main bathroom: Bath, Separate shower
  • Laundry: Separate
  • Workshop: Combined
  • Outdoor living: Entertainment area
  • Fencing: Fully fenced
  • Land contour: Flat
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to shops, Close to schools, Close to transport

Contact Details

Harcourts Local

268-270 Browns Plains Road
Browns Plains

Property Location

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