Farnell St, Chermside
Description
407m2 corner lot with rentable house. Being re-zoned from LMR to MR.
Strategy
Rent now, developer later. Since purchase, property re-zoned from LMR to MR.
Purchase Price
$485,000
Client Type
Passive Investor
Anticipated Outcome / Development Costs
Now zoned MR. Potential to on-sell for a profit or amalgamate with neighbouring properties.
Twists
Re-zoning from LMR to MR. Corner lot and square dimensions permit construction of up to 8 units on a small site.