2 Ivory Street, Booval QLD 4304

ZONED MEDIUM DENSITY RESIDENTIAL - INVESTMENT OPPORTUNITY WITH DEVELOPMENT POTENTIAL

Ideally located just moments from Booval fair shopping centre, rail and more this property makes for an excellent investment or development opportunity. The home is situated on a 506m2 corner block Zoned for medium density residential (RM01) which under the planning scheme allows for 1 dwelling every 133m2 (approx.) and builds up to 3 Storys. The zoning opens up a wide range of possibilities, including adding a granny flat / second dwelling, or removing the current dwelling to create space for a duplex or triplex, helping you maximise your return on investment (all STCA).

For those looking to invest in the short term and take advantage of the development potential in the future, the current home is equipped with 3 bedrooms, 1 bathroom and is currently rented for $300 per week with the tenants on lease until 23/11/22.

Features at a Glance:
- 506m2 Corner block.
- Zoned RM01 - residential medium density - allows for 75 dwellings per Hectare (1 per 133m2) and up to 3 Storys
- Potential to remove the existing dwelling or to add a second dwelling / granny flat STCA to help maximise your return on investment.
- Double brick construction circa 1960.
- 3 bedrooms, 1 bathroom and a single carport.
- Timber Floors.
- Eat-in kitchen.
- Tidy bathroom with shower over bath
- Currently tenanted for $300 per week until 23/11/22.

Benefits of this fantastic location include:
- Less than 200m to Booval Fair shopping centre (Woolworths, Big W and more retail)
- Less than 1km to Booval train station.
- Less than 1km to Cameron park, and other retail including Aldi, restaurants, pharmacy and doctors offices.
- Convenient access to Brisbane Rd, helping link you to both the Ipswich and Brisbane CBD
- Less than 2km to great local schools including Sacred heart, Silkston State School and Ipswich Girls & Junior Grammar.

Call today for more information on the fantastic opportunity!

(Please note - STCA = Subject to Council Approval - All distances are approximate).