5-7 Blackall Tce, Nambour is a 2 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 1011m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Walking distance to everything in Nambour this one is potential plus! On 1,011sqm and zoned 'multi unit dwelling' this character site offers a world of options.
On the fringe of the Nambour CBD you'll enjoy the demand that this bustling country town offers. Enjoying over 13% growth in the last 8 months Nambour has shaken off the sleepy feel that it once had and now enjoys rejuvenated business precincts as well as local cafes, eateries and commerce.
This is a prime development option with the end product of your development application being desirable townhouses. Other nearby developments show that three bedroom townhouses will sell in the high $400K's and spacious two bedrooms can fetch in the low $400K's quite comfortably. Add another 6 months in a growing market to these figures and it's easy to see those same three bedrooms exceeding $500K.
If you're not ready for the development just yet you can sit and hold this site and enjoy $600 pw income from the current duplex. In time you might do a light refurb or even for the local handyman live in one while you renovate the other and visa versa.
All in all this is a fantastic site with great potential and a strong yield. Opportunities like this in a growing market don't come up often!
Features at a glance;
- Walking distance to all amenities
- Two tenants returning $600pw total
- Leases in place till Feb and May 2022
- Possible development site
- 1,011sqm block
Tender closes 12th November at 5pm - Contact Reuben Park on 0413 371 696.
The size of Nambour is approximately 11.4 square kilometres. It has 31 parks covering nearly 10.9% of total area. The population of Nambour in 2011 was 10,222 people. By 2016 the population was 11,183 showing a population growth of 9.4% in the area during that time. The predominant age group in Nambour is 0-9 years. Households in Nambour are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Nambour work in a trades occupation. In 2011, 57.6% of the homes in Nambour were owner-occupied compared with 54.4% in 2016.
Nambour has 6,627 properties. Over the last 5 years, Houses in Nambour have seen a 85.01% increase in median value, while Units have seen a 84.90% increase. As at 31 July 2024:
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