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Sold
Block_of_units
SOLD on Jul 2022
$1,500,000
124 Mein Street, Scarborough, QLD, 4020, Australia
8
4
4
1214 m²
About this Property
Metres from Scarborough Beach, overlooking the glittering waters of Moreton Bay, lies this exciting development opportunity offering an array of enticing and potentially lucrative options. This 1214sq m property is being sold with a DA in place so it's an ideal ready-to-build project for a savvy buyer.
Currently returning $54,860 in its configuration of four flats in varying condition, with a recently replaced roof. The DA includes 16 units across four levels, however zoning extends up to seven levels so a possible DA amendment could increase unit volume to 20-25 units if desired.
This ultimate beachside address, still within reach of Brisbane, offers but is not limited to:
+ 1214sq m DA approved development property
+ Currently returning more than $54,000 per annum
+ Configured as four flats in varying condition with stable tenants
+ DA for 16 units across four levels, zoning for seven levels
+ Potential to subdivide the block subject to council approval
+ Metres from Scarborough Beach, cafes, restaurants and parks
+ Walk to schools including Scarborough State School and Redcliffe State High School
* Disclaimer - We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research.
Currently returning $54,860 in its configuration of four flats in varying condition, with a recently replaced roof. The DA includes 16 units across four levels, however zoning extends up to seven levels so a possible DA amendment could increase unit volume to 20-25 units if desired.
This ultimate beachside address, still within reach of Brisbane, offers but is not limited to:
+ 1214sq m DA approved development property
+ Currently returning more than $54,000 per annum
+ Configured as four flats in varying condition with stable tenants
+ DA for 16 units across four levels, zoning for seven levels
+ Potential to subdivide the block subject to council approval
+ Metres from Scarborough Beach, cafes, restaurants and parks
+ Walk to schools including Scarborough State School and Redcliffe State High School
* Disclaimer - We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research.
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Damien Misso
Ray White Woody Point
+ 61 0403044424
Anett Puljiz
Ray White Woody Point
+ 61 0416210426
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More Details on 124 Mein Street, Scarborough QLD
How many bedrooms and bathrooms does 124 Mein Street, Scarborough have?
124 Mein Street, Scarborough is a 8 bedroom, 4 bathroom block_of_units.
Who is the agency that listed 124 Mein Street, Scarborough?
The agency who listed 124 Mein Street, Scarborough is Ray White Woody Point - you can contact the agents here.
How many car spots does 124 Mein Street, Scarborough have?
124 Mein Street, Scarborough is a 4 car spot home.
How much is 124 Mein Street, Scarborough?
The price of 124 Mein Street, Scarborough is $1,500,000 - contact the agents to find out more.