Development investment opportunity

Rental appraisal $400 per week
In the bustling heart of Kingaroy, a unique investment opportunity beckons on a 1,012m2 allotment, boasting the strategic advantage of dual street access. Positioned at the top end of the Kingaroy CBD, this property emerges as an ideal land bank, perfect for future commercial ventures or as a savvy super fund investment. The potential here is boundless, whether one envisions a unit complex, a commercial hub, or even a subdivision to build upon the rear of the allotment.
The centrepiece of this property is a charming cottage-style weatherboard house, currently vacant and ripe for transformation. It has recently been updated with a new roof and battens, ensuring structural integrity. The home features three bedrooms, each offering comfortable living spaces. A large front sunroom and a small office add to the property’s versatility, providing ample space for relaxation or work.
The property also houses a bathroom and two toilets, catering to both residential and potential commercial needs. The original kitchen, now equipped with a new stove, speaks of possibilities for modernization. Climate control is taken care of by five reverse cycle air conditioners, ensuring comfort all year round, and a new hot water system adds to the home’s amenities.
An original single garage stands on the property, complemented by a substantial new shed measuring 9mx8m. This new addition is not only powered but also equipped with 15amp power, extra height, and lights, making it an ideal workspace or storage solution. Adjacent to this is a 6mx8m carport, further enhancing the property’s utility. A full concrete driveway provides easy and efficient access to these facilities.
The true value of this property lies in its untapped potential. Its prime location, combined with the versatility of the existing structures and the possibility of future development, makes it an attractive proposition for a range of investors and developers. Whether one’s vision is to capitalize on the current residential structure or to explore the commercial possibilities this unique property offers, the opportunity for growth and return on investment is significant.