Development Properties in Brisbane consist mainly of properties being over 800 m2 and can be split or sub divided, the process gives you 2 saleable blocks of land which increase the potential value of the initial purchased property. The clients requirements for this property was a splitter block with a buy and hold strategy. Properties like this are getting harder to secure in Brisbane but this property came on to the market at the right time and we were able to secure it at a very good price.
The prominent feature of this house is the dual road access which means that when we go to develop the block in the future it becomes a simple matter of splitting in the middle, removing the current property and either sell the blocks off or build 2 new homes and sell as complete house and land packages.
With a property like this the options are endless and are only limited by the council requirements and your imagination.
The current property is a 5 bedroom home and achieves a very good return on investment