HIGH YIELDING TRIPLEX IN MORAYFIELD - NORTH BRISBANE
This small boutique development consists of 6 lots each with a triplex to be constructed thereon. The property is located in the town of Morayfield which is northern Brisbane midway between Brisbane and the Sunshine Coast. Morayfield has a regular train service to Brisbane and also has easy driving access to Brisbane via the Bruce Hwy (M1). Morayfiled has a Westfiled Shopping Centre with all the majors including 3 supermarkets plus Aldi, it has Target, Big W and many other smaller retailers. It is growing centre due to its close location to Brisbane and also affordability. There is a new University which is approved but not yet begun constructed at Petrie which is just a short and easy drive from Morayfield. Moreton Council have many large projects approved which will bring new employment due to the size of the infrastructure and development. The future is very strong for this growth location! It is currently featured as No 2 growth location in Queensland.
This Opportunity: Please note that the information contained is for Lot 1 in this estate. Lot 4 is the same size lot and the same design will be constructed on it. Hence the same pricing applies. Please use the plans attached for Lot 4.
Triplex: ONE contract purchase only Yes potential for high rental return of $960 to $1120 per week total. Plus opportunity for immediate equity increase on completion. Lot 4 Ridgegarden Road, Morayfield - size 410m2 3 units on one lot: Unit 1: 107.85m2 Unit 2: 109.97m2
Unit 3: 111.76m2 Total size is: 329.58m2
Rental Estimate is: $320 to $340 per week each unit = $960 to $1120 per week income Local agents have estimated Sales Price Increase on Completion to be $100,000+ The total price for three units on one lot is $779,855 Builder is local from the Sunshine Coast and is a very experienced quality builder . Inclusions list will be soon available. Please notify us of your interest and we will provide additional information to you when it is supplied from the builder. This is Hot off the design board! You will need to be quick.
Note: Lot 1 is being held by the owner of this land and not being sold. Only remaining lots are for sale, with some already under contract.
FOR SALE: $799,855
KAYE TILLEY 0418 823 046
Features include: Air Conditioning, Built in wardrobes, Dishwasher, Fully Fenced