The shortage of housing currently makes properties suitable for residential development highly attractive. This specific property is an excellent choice for residential development, as it's conveniently situated just a short walk from the Ipswich CBD. With its designation as RHD (CBD Residential High Density), the possibilities are extensive. This zoning permits building up to 6 levels, with the option for a commercial space on the ground floor. Given its closeness to the CBD and the efficiency in cost per unit, this property stands out as an attractive investment. The presence of an existing tenant guarantees immediate revenue as you plan your Development Application or explore other opportunities.
House Features:
Three bedrooms along with a spacious additional sleeping area
A large laminate kitchen opening onto an inviting covered patio
Separate dining area, extra toilet
Currently, a periodic lease generates $420 weekly
Property Details:
Size of 1,214 square meters
Zoned as RHD - CBD Residential High Density
Zoning Permits construction up to 6 stories high
No flood danger
Current DA pre-lodgment meeting with Ipswich City Council conducted
DA application can be taken over
Concept Plan done and sub-division is subject to council approval
Ideal Location: Only 50 meters from the Bus Stop, 850 meters to the Train Station, 600 meters from Ipswich East State School, and a pleasant 1600-meter stroll to Ipswich CBD via the scenic River Heart Parklands. Also, it's just a 3-minute drive to places like Riverlink Shopping Centre, CBD, Queens Park, Ipswich Girls Grammar, various dining options, and more. In addition, public and private hospitals, as well as private schools in the district, are within a 5-minute drive.
Interested in its substantial value? Contact us today!
