Underwood, QLD, 4119, Australia

We are pleased to offer to the market an outstanding mixed-use residential 4 bedroom 2 bathroom 2 garage home with development opportunity.

Upper Level:
- 3 Large Bedrooms with built in robes
- Good sized kitchen with separate dining and all modern appliances with a stone benchtop
- Large living room
- Good sized covered patios at the front and back which can be used as large entertainment areas
- Family bathroom with convenient separate toilet
- Polished timber floors throughout
- Downlights installed throughout the property giving it a sleek modern look inside
- Aircons installed throughout the property

Lower Level:
- 2 spacious rooms
- Downlights and aircons
- Separate laundry, storage, and open plan area
- Good sized bathroom and a toilet
- Secure garage
- Under deck entertainment area with a separate garden

Rental Income:
- Currently getting a rental income of $750 - $850

Key features include:
• Land Area - 809m²*
• Medium Density Residential Zone
• DA for 15 apartments, five of 2, 3 and 4 bedrooms
• 5 Storey* Height Limit offering northerly views
• Permitted uses include Multiple Dwelling, Motel, Aged Care, Retirement
• Fully serviced level site
• Easy access to Pacific Motorway and other major arterial roads
• Within close proximity to parks, reserves, library, gyms, 50m swimming pool and within the Springwood Road State School and Springwood High School catchments.
• 12 minute walk to Springwood’s Busway Terminal, ideal for city commuters
• 20 minute drive to Brisbane CBD and 50 minutes to Surfers Paradise
• 10 minute drive to Garden City Shopping Centre and less than 1 km to multiple shopping precincts
• 15 minute drive to growing Health and Medical Precinct with expected $550 Million in planned investment, an ideal investment for hospital workers, patients and NDIS investors
• $18.9 Billion planned Infrastructure investment in the regional area

For more information, please contact Mario Economou on 0421 236 859