39-41 Johanna Street Jimboomba QLD 4280

* Terms available for a serious Builder/Developer
* Unique opportunity to develop land within walking distance of rapidly growing Jimboomba Town Centre
* DA for 74 Apartments
* Good Mix of 54 x Two Bedroom and 20 x One Bedroom Apartments
* Thoughtfully designed layout
* Flood free, gentle undulating rectangular block
* The project can be staged in two phases, Stage 1 retains the house for ongoing income
* All the services nearby ready for development
* The property currently improved by a substantial 3 bedroom, 2 bathroom and double garage home
* Holding gross rental income of $38,480 per annum
* Alternative uses possible: Childcare, Retirement Village, Townhouses

PRICE: Contact Agent
LAND AREA: 4,000 sqm

Location
Jimboomba is situated on the Mount Lindesay Highway, 29.6kms by road south-east of Logan Central and 48.7kms by road south of Brisbane central business district. The western part of Jimboomba is bordered by the new suburb of Glenlogan and the Logan River. The Queensland Government's current plan is that Jimboomba will become a major residential and business area within the Brisbane metropolitan region, as part of the Greater Flagstone Priority Development Area, which will house up to 150,000 additional residents in coming decades.