LOOKING FOR A MEDIUM DENSITY (MDR) SITE ?

Here is an opportunity to secure a Medium Density Residential (MDR) site approx 8km to the Brisbane CBD. With 663sqm on offer, this flat block incorporates a wide frontage, and allows for the possibility of further multi-unit development.

Flood-free in both 1974 and 2011, this is definitely one to consider if you are looking for a property with development potential, or if you are looking to land-bank.

Some MDR sites in Sherwood have already been approved by council, allowing five storey high developments within the locale, however we recommend a thorough due diligence is performed, and town planning advice should be sought prior to purchasing.

The current post-war home has been appraised for rent at $450 to $470 per week, and features :

* Three good sized bedrooms, all with built in wardrobes
* Master bedroom with air conditioning
* Study nook
* Back and front deck
* Workshop area downstairs
* Additional toilet downstairs
* Two-car covered carport
* Water tank
* 1.5KW solar panels on roof
* Natural gas connected
* Fully-fenced

Walking distance to the Sherwood Road stretch of well-established retail shops, supermarkets and cafes, as well as Sherwood State School, and Sherwood Train Station makes this a very desirable location.

If the above is something that interests you, don’t hesitate to contact Dean to arrange an inspection.