Proudly presented to market, and with a sense of urgency, 11 Richard St, Lota, offers an excellent opportunity for the builder, budding developer or investor alike. Very rarely does a double block come onto the market, with options a-plenty , given the location and land area of this particular site.
Positioned in the fast moving bayside suburb in Lota, and within a street that has already seen some significant redevelopment, this un-loved post war character home is set on a very generous 810 sqm double allotment, being 2 x 405 sqm allotments known as Lot 57 and 58 on RP33227.
This property represents sensational value, with the existing home in sound condition, providing a modest rental income, whilst you develop your ideas for the future:
* Hold and let the capital growth value of 810sqm land (double block) continue to grow.
* Live in and investigate your re-development options.
* Remove and redevelop, build on one block and hold the other block as a future investment.
* Remove and redevelop, build two new homes in a very high demand location.
For developers, each block being 405 sqm is configured as approx 10 m frontage x 40 m deep.
The property is conveniently located within walking distance to the beautiful Lota parklands, and the wonderful aquatic playground we love to call Moreton Bay.
Also within minutes walking distance is:
Lota City Rail Translink station with direct access to Brisbane City (Cleveland Line)
Lota primary school
Bayside United Soccer Club
Leash free dog park
Any way you view this property, it must be considered an excellent investment and/or home option in one ! So make your time to view directly with your local experienced agents.
The owners have given strict and clear instructions to sell this property and appointments can be arranged by appointment.