34/36 Chapel St Lutwyche QLD 4030


810m2 of High density zoning.
Situated
in the heart of Lutwyche shopping precinct about 5 kilometres from the
city this offers you the opportunity to develop, make a profit and move
to your next site.

Under the Lutwyche Road Corridor Neighbourhood
Plan, you can have a maximum floor area of 1.5 times the site size,
resulting in 1,1215m2 of possible gross floor area. This can spread over
5 floors to a maximum height of 16 metres, subject to council
approvals.

This is a demand area for properties with staff from
the Royal Brisbane Hospital ( less than 1 kilometre away) preferring to
walk or cycle to work.

Perfectly positioned so owner occupiers
and renters can easily commute to work using either the many kilometres
of bikeways along Kedron Brook or a short walk to the new busway. If
they prefer the train then Albion station is 10 minute or so walk.

Presently there are 2 houses spread over 2 allotments.

Rental returns are currently $410 a week for number 34 , number 36 should return about $420 a week.

 
Property Snapshot

Property Type:
House
Construction:
Weatherboard
Zoning:
Res B R3