Opportunity to Solve Some of the Housing Crisis in Mackay

DA Approved development site to create 26 Multiple Dwelling Units in the configuration of 13 Duplexes consisting of combinations of 3 Bedroom and 1 Bedroom Units.
An extraordinary opportunity for a Local or Interstate Investment Group to produce a staged high-quality development in a city demanding more accommodation with the support of the State and Federal Governments.

Holding Income from current properties:

1/167 Bedford Road, Andergrove
House Renting at $420 per week
Lot 7 on SP 120244 (Community Management Scheme 27325)
Sale Price $375,000

2/167 Bedford Road, Andergrove
4 Flats returning Rents Totaling $1550 per week
Lot 8 on SP 120244 (Community Management Scheme 27325)
Sale Price $950,000

165 Bedford Road, Andergrove (Freehold Lot)
1065m2 Vacant Land with no Generated Income
Lot 101 on 320423
Sale Price $250,000

The Owner is prepared to look at individual offer on each of the 3 properties, but his preference is to sell in one line at “Offers From $1.4 million”

Please email agent for IM

***The vendors and/or their agents do not give any warranty as to errors or omissions, if any, in these particulars, which they believe to be accurate when compiled.