Rarely offered in the current market is a two lot property both with street frontage to North Street. Being presented to the market as a pair or for individual sale for the very first time this is one of those rare chances that you donâ??t want to let slip past. The home is positioned well on lot 1 and lot 2 is completely vacant and your opportunities here are vast. Develop both lots as a large townhouse development, develop in stages with one lot at a time, renovate the home, resell and realign the boundaries to create a cost effective large development opportunity. The home itself is in original condition but if you wanted to complete some internal renovations it could provide holding income whilst you prepare the site.
Perfectly positioned in always popular North Toowoomba the property is located only a stones throw to the recently redevelopment North Point shopping centre. With only 2.9kms separating this property from Toowoombaâ??s main street and Grand Central shopping centre it couldnâ??t be positioned any better. With the range bypass almost at completion and demand in the Toowoomba rental sector heating up, this could be the chance to enter the development sector or secure a large land holding for the future.
The property features
- 2000m2 over two lots
- Lot one @ 968m2
- Lot two @ 1,062m2 with 2 bedroom home
- Original home with potential to create holding income
- 2.9kms from centre and Grand Central Shopping Centre
- 300m to North Point Shopping Centre
- Approximately 35m street frontage across both lots
Whilst not being advertised with a price the sellers are highly motivated to finalise this chapter in their life and are willing to listen all offers on either the property as a parcel or as a pair.
Please note all development options and boundary indications are indicative only and you should complete your own research with the Toowoomba Regional Council to confirm all options.