Here's an easy money making proposition for the thinking investor / family trust / private super fund.

When you say, POSITION it doesn't come any better than this solidly constructed older style brick house on concrete slab hiding behind bushes in Tamborine Mountain's famous Gallery Walk! It sits on a large, 1,201 square metre block with 20 metre frontage to Gallery Walk.

Council Approval is already in place to convert the building into 3 separate shops. The sellers suggests that the estimated cost of the conversion to Council requirements would be around $150,000.00

Estimated rental (based on current comparable commercial rentals nearby), $1,650.00 per week (around 10% gross return on listed price).

This is a gilt-edged investment property that should provide excellent capital gains once it is converted and tenanted. Given the absolutely prime location it is also a property to hold onto for the longer term.

3 pages of the Council Approval are shown here in attached PDFs. Full approval documentation available at Lane Realty for your perusal. To see property & documentation please contact me.

	Letter Of Approval Of Development Application
	Development Application - Decision Notice
	Decision Notice - Map Of Approval

To view a map showing the location please click here