14 Blackwood Street Mitchelton QLD 4053

Description

Extremely Rare, Freehold Investment + Development Approval for Multi-Level Residential/Retail. Major Centre Zoning.

My Agent Aus, are pleased to Exclusively present 14 Blackwood St, to the market for immediate Sale. 1174sqm Freehold land situated in the hub of inn North-West. Blackwood St Mitchelton, is a vibrant hub of residential, retail, commercial and medical. Situated at the top end, 14 Blackwood St, presents a rare opportunity to purchase a freehold block of shops, with development approval for 11 units + retail shop.

Property Highlights:
* Current improvements include: 3 retail shops, house and rear storage sheds.
* 442sqm Current building area, 100% leased. No lease impediments to re-development.
* 1174sqm Current Land Area.
* Substantial holding income. Gross Income: $115,004 per annum + GST. Outgoings approx. $24,637.
* Development Approval for 11 units + 1 retail shop (180sqm). 8 x 3 bedroom units and 3 x 2 bedroom units. 4 level building including ground floor.
* Major Centre Zoning. Plethora of other suitable uses.
* Walking distance to Mitchelton Train Station and Brookfield Shopping Centre.
* Situated in a thriving mixed-use hub, bustling with daily activity.
* Located approx. 15 minutes to Brisbane City, 3 minute drive to Enoggera Gallipoli Army * Barracks, and 1 minutes to Brookside Shopping Centre.
* Clear instructions to sell via Offers to Purchase to be submitted in writing to Manoli Nicolas. [email protected]

Location Advantages:
* Located near major roads and public transport options, providing easy access to surrounding areas and the Brisbane CBD.
* Situated in a rapidly developing part of Mitchelton, offering future potential for business growth and increased exposure.
* Close to retail outlets, cafes, and essential services, offering convenience for employees and clients.

Contact:
Manoli Nicolas
Director and Head of Sales and Leasing
0400 082 170
[email protected]