68 John Lane & 87 John Street, MARYBOROUGH QLD 4650

DEVELOPMENT SITE WITH STRONG HOLDING INCOME

Block Of Units - MARYBOROUGH QLD

The sale of these adjoining properties presents a rare opportunity to secure a solid investment in a prime CBD location with an existing holding income & the potential to either landbank or develop the site to its highest and best use.

The properties adjoin each other back to back with 68 John Lane including a high-set structure housing three separate units & 87 John Street includes a freestanding low-set timber cottage.

The properties are currently fully tenanted with a gross annual return of $82,420 showing a rental return of approximately 6%.

This opportunity offers strong potential for further development based around the large parcel of land, the prime location on the fringe of the Maryborough CBD & the two street frontage.

An application to construct an additional three (3) units has been approved by the local authority subject to conditions.

CONTACT THE AGENT TO REQUEST A COPY OF THE INFORMATION MEMORANDUM.