12 Phillip Street Labrador QLD 4215

• Land area: 506m²*
• DA approved for 6 apartments across 3 levels
• Cost efficient building design with on grade level car parking
• Range of alternate development options, including townhouses/duplex^
• Zoned Medium Density Residential - Building Height 29m* (7 storeys)
• Existing 3 bedroom, 1 bathroom cottage with polished timber flooring - currently rented
• 250m* to the spectacular 'Golden Mile' Broadwater and parklands
• Within close proximity to popular shops, cafes, restaurants, boat ramp access and pedestrian/cycle path
• Develop now, hold and develop later or keep as a solid investment
• Absolutely will be sold!

For further information, please contact the Ray White Special Projects Marketing Agents

*approximately
^Subject to Council Approval

Currently rented: $480 per week (Lease expiry 23 Jan 2023)
Water & Sewer Rates: $1,486.76 per annum*
Council Rates: $2,308.10 per annum*