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6 Toowoomba Road
Oakey, QLD 4401
$650,000+
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.
Location
Oakey QLD 4401
Market Insights for Oakey QLD 4401
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