If you have been looking for a profit centre – look no further. This would have to be one of the cheapest properties in the region at under $250.00 a square meter.
This site suits developers looking to build and sell immediately or developers looking to build and rent. The cheapest rental in Redbank at the time of writing this ad is $270 per week, ensuring you should achieve over $300 per week per property being a total minimum of $145,000 per annum potential return.
With the approvals in place to take the next step – where else can you find reasonably priced land that did not flood – close to shops – transport and with a very high potential rental yield.
The current four bedroom Queenslander on the site is rented and will be the perfect site office.
Call your experienced agent – Bob Trendle for your site meeting and to inspect the Development Approvals.
Sites like this are gold so move quickly to secure your future.