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House for Sale in Underwood, QLD13 Caloma St

13 Caloma Street, Underwood, QLD 4119
13 Caloma StreetUnderwood QLD 4119 AUS
-27.594785 153.108936
$1,800,000
14 Beds
7 Baths
  • Land area 0.45 acres / 1814 sqm

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Quick property enquiry

Currently Producing over $100,000 Income Per Year, and Offering Outstanding Ability for Future Development!

Property ID 1953787
What an outstanding offering - a whole block of units in the heart of Underwood! This unique opportunity is brimming with potential and endless possibilities, lending itself to those looking for their next prosperous venture.

Currently, the seven units (approval for eight) are being rented by lovely, happy tenants. This can produce over $100,000 in income for you annually. The townhouses are a combination of high-set, and low-set, accommodating to all personal requirements.

We have spoken to the town planners, and there is potential for further development here. Upon our discussion, we understand that you are able to have 40 equivalent dwellings per hectare, and a maximum building height of 8.5m.

Ideally positioned in the heart of Underwood, - a booming suburb which has experienced 24% growth in the past 12 months, and named Queensland's top performing suburb for growth, with no signs of slowing down, 13 Caloma Street offers an unparalled lifestyle., which will certainly please the tenants. This offers an easy commute to local shopping centres, major motorways, excellent schools and places of worship, catering to all denominations.

Summary:
• Producing over $100,000 in rental income annually
• 7 units available in the complex, approval for eight. These are all two bedroom, one bathroom.
• Units are achieving approximately $300 per week in rent
• Parking facilities in the complex
• A combination of high-set and low-set units
• Potential for further development here. You are able to have 40 equivalent dwellings per hectare, and a maximum building height of 8.5m.


Should you have any further questions, please feel free to contact me on 0412 237 860!