141 Station Road, Loganlea, 4131 QLD

Sold For $798,000 July 24, 2016
6    5    10   

SOLD in 1st week for list price

With so much possibility available for this spectacularly positioned property within the new development master plan you will be overwhelmed which way to develop it, whether it be now or in the future.
The greatest asset is that while you take the time to choose what to do you can sit back and receive $1340 per week from the rent. Making this a positively geared investment straight away.

Apartment A: 1 Bedroom which has just become vacant and set to be tenanted for $295 per week.
Apartment B: 2 bedroom unit has been tenanted to a friend of the owner below market rates at $265 per week on a 3 year lease which is due for renewal in April 2017.
Apartment C: Studio apartment which is currently tenanted until 21/3/18 for $260 per week
Apartment D: Studio apartment which is currently tenanted until 25/3/16 for $260 per week
Apartment E: Studio apartment which is currently tenanted until 14/3/17 for $260 per week

Each apartment has its own kitchen, bathroom, TV/DVD, Fridge, Stereo, Washing Machine, Microwave, Toaster and Kettle.

- There is a gym/sitting deck out the back
- Pool with deck
- Triple carport
- Single carport
- Open car spaces for 6 more cars with ease
- Open plan reception foyer
- High quality finishes
- Great depreciation schedule available upon request


Rates approx. $950 a quarter
Electricity approx. $900 a quarter
Internet approx. $59 a month
Maintenance approx. $70 cash per month (Summer is fortnightly)
Pool maintenance approx. $45 a month


Copy and paste the link below to go straight to the current Logan Planning Scheme 2015 and explore your opportunities:

- Development up to 20 metres (6 storeys)
- Possible development of up to 24 units
- Approach council about possibility of being added to mixed use area as it stops at eastern fence line to the property. This would be to incorporate commercial building into your development. I believe that with this property being one of the largest frontages in the immediate area the possibility would seem high.

You can also copy and paste the below link to understand more about the different overlays:
- Type in Suburb box in top middle of the screen "Loganlea", then type in "Station" in the street box and press "Search". Add any overlays of interest to your concerns.

You can see Logan City Council town planning division in person at 150 Wembley Road, Woodridge or you can phone them by dialing O7 3412 3412.

Close to all amenities:
- 20 m to Loganlea Train station
- 280 m to Loganlea State High School
- 180 m to Hospital
- 280 m to TAFE
- 500 m to Shops
- 1.25 km to Griffith University
- Ideally located close by to the Logan Motorway, with a short distance to both the M1 Pacific and M2 Gateway Motorways.

All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries