Issue 27 | The Property Development Review

Property Listings

QLD

The Property Development Review

QUALITY INVESTMENT IN LANDMARK BUILDING

FOR SALE | 2 OLD CLEVELAND ROAD STONES CORNER, BRISBANE QLD

LANDMARK STONES CORNER BUILDING MIXED USE ZONING (3) FREEHOLD ASSET IN A PRIME LOCATION HIGH EXPOSURE - SUBSTANTIAL FOOT TRAFFIC MULTIPLE AND DIVERSE INCOME STREAMS

E: NBrailey@bne.mcgees.com.au Nina Brailey M: 0415 387 727

E: GMoore@bne.mcgees.com.au Gavin Moore M: 0422 222 978

MASSIVE SITE: HOLD, RENOVATE OR REDEVELOP 2-14 Fanny Street, Newtown, Toowoomba, QLD, 4350

Outline and Locations Indicative Only

• 7,120m2* (almost 2 acres)– 1.7km from Toowoomba CBD in residential neighbourhood • Holding Income $290,000.00* p.a. and increasing • Low-Medium Density Residential Zone • 2 story code assessable; potential for 3 or more storey (STCA) • The site currently has a DA in place for demolition of all buildings, including heritage listed

• 18 tenants - 10 studio units with courtyard (~2003) - 18 duplexes - 1 detached house (not currently habitable) • 236.74 m* frontage on 3 roads • Current rental vacancy in Toowoomba is 0.4%* • 120km from Brisbane

*Approximately

TO REGISTER YOUR INTEREST AND RECEIVE FULL PARTICULARS PLEASE EMAIL: admin.hb@mortonsolicitors.com.au

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