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Overview
6 Toowoomba Road, Oakey QLD 4401
This property presents a unique opportunity for investors and homeowners alike. With its Low-Medium Density Zoning, it offers sewerage, town water, and telecommunications, making it an ideal investment for future development.
The existing 3-bedroom cottage currently generates a rental income of $405 per week, with a lease in place until March 2025. This provides immediate cash flow while you consider the potential for future development.
Potential development options, subject to council approval, include:
- Construction of 13 affordable townhouses, which could yield approximately $50,000 per unit site.
- Establishment of a childcare centre (note that a previous Development Approval for this purpose has expired).
- Small land subdivision.
Additionally, there are up to $100,000 in council concessions available for regional developments, enhancing the financial viability of any proposed projects.
With the low-end market in high demand for new affordable properties, this opportunity could yield significant rewards for a savvy investor. The property is conveniently located across from shops and is within walking distance to the CBD, making it a prime location for future growth.
Importantly, this property is not situated in a flood risk area, providing peace of mind for potential buyers.
Contact us today to secure your financial future with this exceptional investment opportunity.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Oakey QLD 4401
Market Insights for Oakey QLD 4401
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
