2 Bowen St, Helidon, QLD 4344, Australia
$400,000
50% Trade Component
AU$200,000 (Cash) | AU$200,000 (Trade)
Additional Information
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Helidon QLD
The Opportunity:
Townhouse Development
Opportunity to build six: 3 bedroom townhouses.
Each unit includes tile and carpet, single lock up garage, carport and landscaping. The complex design includes secure paling fence and gate.
Location
Helidon is a town in the Lockyer Valley region of Queensland.
The town is located on the Warrego Highway, an hour west of the state capital Brisbane, and 20 minutes east of Toowoomba.
The subject property comprises an approximate 2,023 square meter “Urban Residential” zoned allotment situated on an
elevated position within the township of Helidon; with easy access to shops, schools, and other establishments.
Town Planning
Development Application approved 24th January 2008 Urban Residential
General Information
Sale price of new 4 bedroom houses, $360,000
Project Costs:
Land $400,000 less Bartercard $200,000 (50%) = $200,000
+ Construction Cost $960,000 = $1,160,000
Sale Price
$1,800,000 ($299,000 Each)
Profit $640,000
Rental Information
Expected rent $300 - $320 per week.
Currently 4 bedroom houses renting for $340 per week
Additional Information
Property Features
Not applicable
Property Information
Vendor Details
Phil Allen
Phone : 0432358114
Email : phil@latitudeproperty.com.au
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