27 University Road

Mitchelton QLD 4053

Currently leased at $480 per week until February 2024, the quality tenants have expressed interest in staying on throughout the planning stage, enabling developers to minimise holding costs. Similarly, investors looking to landbank the property have the option to undertake a quick low-cost update and substantially increase the rental yield.

Either way, in a market suffering from very low stock levels, this is a rare chance to immediately get in on the action and build within a prime, well-connected suburb less than 9km from the CBD.

Offering an easy 20-minute train commute to the city, this address has also been carefully selected for its proximity to an exceptional array of local amenities. It sits:
- 250m to cafes, restaurants, bars, bakery, IGA supermarket, boutiques and medical facilities -8 min walk/3 min drive to Brookside Shopping Centre's Coles, Woolworths, extensive retail
- Short walk to childcare, Mitchelton State Primary and High Schools, Mt Maria College, parks and the recently opened Brook Hotel with adjoining Dan Murphy's
- Short drive to the Great Western Super Centre with Bunnings, and Arana Hills Kmart Plaza
- Less than 10 minutes to the popular Newmarket Pool, Hotel and Readings Cinemas

For further information please contact Jose Peralta…….

This property is being sold or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.