37-39 Glennie Street,, Drayton, Qld, 4350

Investment​ ​Opportunity:

Unlock​ ​the​ ​potential​ ​of​ ​this​ ​prime​ ​development​ ​site​ ​with​ ​DA​ ​approval​ ​for​ ​19​ ​units​ ​across​ ​two​ ​stages.​ ​The​ ​property​ ​already​ ​generates​ ​a​ ​great​ ​ongoing​ ​rental​ ​return​ ​paying​ ​off​ ​the​ ​holding​ ​costs!

Within​ ​minutes​ ​from​ ​USQ,​ ​it​ ​will​ ​be​ ​a​ ​greatp​ ​roject​ ​for​ ​student​ ​accomodation​ ​or​ ​for​ ​selling.​ ​Townhouses​ ​in​ ​the​ ​area​ ​can​ ​go​ ​anywhere​ ​from​ ​$480,000-​ ​$550,000​ ​so​ ​the​ ​feasibility​ ​will​ ​check​ ​out​ ​perfectly.

37​ ​Glennie​ ​Street​ ​is​ ​located​ ​in​ ​an​ ​elevated​ ​position​ ​on​ ​a​ ​3,925m²,​ ​with​ ​a​ ​gentle​ ​slop​ ​from​ ​North​ ​West​ ​to​ ​South​ ​East,​ ​providing​ ​a​ ​natural​ ​flow​ ​to​ ​the​ ​street​ ​frontage.​ ​The​ ​current​ ​plans​ ​have​ ​been​ ​thoughtfully​ ​planned,​ ​with​ ​an​ ​approval​ ​in​ ​place​ ​for​ ​19​ ​townhouses,​ ​each​ ​featuring​ ​between​ ​136-147m²​ ​of​ ​floor​ ​space​ ​between​ ​3​ ​built-in​ ​bedrooms,​ ​2​ ​bathrooms​ ​with​ ​ensuite,​ ​open​ ​plan​ ​living/dining​ ​space,​ ​and​ ​single​ ​lock-up​ ​garage​ ​with​ ​second​ ​carparking​ ​space​ ​per​ ​unit.​ ​We​ ​have​ ​recent​ ​sales​ ​data​ ​and​ ​rental​ ​data​ ​to​ ​suggest​ ​the​ ​likely​ ​value​ ​in​ ​the​ ​current​ ​market​ ​for​ ​a​ ​brand-new​ ​unit​ ​of​ ​the​ ​proposed​ ​size​ ​that​ ​we​ ​can​ ​provide​ ​upon​ ​request​ ​-​ ​providing​ ​an​ ​understanding​ ​of​ ​the​ ​project​ ​value​ ​if​ ​you​ ​were​ ​to​ ​sell​ ​or​ ​lease​ ​the​ ​final​ ​product.
Lifestyle​ ​Opportunity:

Situated​ ​in​ ​a​ ​high-growth​ ​area​ ​close​ ​to​ ​UniSQ,​ ​primary​ ​schools,​ ​shops,​ ​and​ ​recent​ ​additions​ ​of​ ​an​ ​Ambulance​ ​and​ ​Fire​ ​Station,​ ​this​ ​location​ ​promises​ ​convenience​ ​and​ ​growth​ ​potential.​ ​With​ ​the​ ​CBD​ ​just​ ​under​ ​15​ ​minutes​ ​away,​ ​you​ ​can​ ​enjoy​ ​easy​ ​access​ ​to​ ​city​ ​amenities​ ​while​ ​relishing​ ​the​ ​tranquility​ ​of​ ​suburban​ ​living.​ ​The​ ​property​ ​is​ ​nestled​ ​on​ ​a​ ​sprawling​ ​3,925sqm​ ​level​ ​block,​ ​providing​ ​ample​ ​space​ ​for​ ​relaxation​ ​and​ ​recreation.​ ​The​ ​house​ ​is​ ​fenced​ ​separately,​ ​ensuring​ ​privacy​ ​and​ ​security​ ​for​ ​you​ ​and​ ​your​ ​family.

The​ ​property​ ​is​ ​perfectly​ ​positioned​ ​to​ ​take​ ​advantage​ ​of​ ​the​ ​growing​ ​Toowoomba​ ​community,​ ​with​ ​easy​ ​access​ ​to​ ​local​ ​shops​ ​and​ ​eateries,​ ​CBD,​ ​local​ ​schools​ ​and​ ​new​ ​infrastructure​ ​projects​ ​in​ ​the​ ​Toowoomba​ ​region:
-​ ​Approximately​ ​15​ ​minutes​ ​to​ ​Toowoomba​ ​CBD
-​ ​1km​ ​to​ ​Woolworths​ ​Drayton​ ​&​ ​newly​ ​approved​ ​Healthcare​ ​Centre​ ​on​ ​Brisbane​ ​Street
-​ ​1km​ ​to​ ​Drayton​ ​State​ ​School​ ​and​ ​4km​ ​to​ ​Harristown​ ​State​ ​High​ ​School
-​ ​Approximately​ ​17​ ​minutes​ ​to​ ​the​ ​new​ ​Toowoomba​ ​Base​ ​Hospital​ ​Site​ ​in​ ​Rockville​ ​-​ ​expected​ ​to​ ​be​ ​finished​ ​before​ ​2032
-​ ​Approximately​ ​20​ ​minutes​ ​to​ ​Toowoomba​ ​Wellcamp​ ​Airport​ ​and​ ​other​ ​new​ ​infrastructure​ ​to​ ​the​ ​west

The​ ​current​ ​dwelling​ ​provides​ ​the​ ​opportunity​ ​to​ ​assist​ ​with​ ​your​ ​holding​ ​costs.​ ​With​ ​a​ ​current​ ​rental​ ​appraisal​ ​of​ ​$500-$520​ ​per​ ​week​ ​in​ ​current​ ​market​ ​conditions,​ ​the​ ​home​ ​features:
-​ ​3​ ​spacious​ ​carpeted​ ​bedrooms​ ​with​ ​built-in​ ​robes​ ​and​ ​two​ ​with​ ​air-conditioning
-​ ​Spacious​ ​formal​ ​lounge
-​ ​Open​ ​plan​ ​dining​ ​with​ ​air-conditioning
-​ ​Modern​ ​kitchen​ ​with​ ​electric​ ​cooking​ ​appliances
-​ ​Single​ ​lock-up​ ​garage
-​ ​Double​ ​carport​ ​and​ ​covered​ ​entertaining​ ​area

37​ ​Glennie​ ​Street​ ​is​ ​an​ ​opportunity​ ​you​ ​won't​ ​want​ ​to​ ​miss.​ ​Explore​ ​its​ ​potential​ ​and​ ​make​ ​it​ ​your​ ​own​ ​today.

General​ ​rates:​ ​currently​ ​$1,367.91​ ​net​ ​per​ ​half-year
Water​ ​rates:​ ​currently​ ​$315.29​ ​net​ ​per​ ​half-year​ ​plus​ ​consumption

Primary​ ​school​ ​state​ ​catchment:​ ​Drayton​ ​State​ ​School
High​ ​school​ ​state​ ​catchment:​ ​Harristown​ ​State​ ​High​ ​School

Don't​ ​miss​ ​out​ ​on​ ​this​ ​rare​ ​opportunity​ ​to​ ​invest​ ​in​ ​both​ ​your​ ​future​ ​and​ ​your​ ​lifestyle.​ ​Contact​ ​us​ ​today​ ​and​ ​seize​ ​the​ ​potential​ ​of​ ​37-39​ ​Glennie​ ​St.​ ​Drayton.

Disclaimer:​ ​All​ ​information​ ​provided​ ​has​ ​been​ ​obtained​ ​from​ ​sources​ ​we​ ​believe​ ​to​ ​be​ ​accurate.​ ​However,​ ​we​ ​cannot​ ​guarantee​ ​the​ ​information​ ​is​ ​accurate​ ​and​ ​we​ ​accept​ ​no​ ​liability​ ​for​ ​any​ ​errors​ ​or​ ​omissions.​ ​(Including​ ​but​ ​not​ ​limited​ ​to​ ​a​ ​property's​ ​land​ ​size,​ ​floor​ ​plans​ ​and​ ​size,​ ​building​ ​age​ ​and​ ​condition)​ ​Interested​ ​parties​ ​should​ ​make​ ​their​ ​own​ ​inquiries​ ​and​ ​obtain​ ​their​ ​own​ ​legal​ ​advice.