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Sold

CBD Primary Commercial Land with damage multi...

- 870*m2
- Corner position
- Ipswich City Fringe position
- Fire damaged dwelling onsite
- Can be repaired or land cleared for a commercial development
- Previous return of $35,620 PA as 3 residential flats

This property was damaged by fire in August 2015, it has been cleaned and cleared internally leaving an empty shell (2 x kitchens are still fully intact), which is ready for repair or to have the land cleared for redevelopment of commercial premises. The current owners have no skills in these areas so are not interested in repairing or redeveloping the land.
The site is priced to sell for the current land value alone and the vendors are motivated. This is a great opportunity for a builder or investor to repair the dwelling and put it back on the rental market or someone looking for CBD land for development purposes at a very reasonable price. The rent return pre fire was consistent these flats were rarely without tenants with 2 of the 3 tenants having been in the flats for many years. Vacancies periods were very short as the land was highly sought after.
The land is zoned as PC - CBD Primary Commercial Land so redevelopment of the site for commercial purposes is an ideal option either now or in the future.
Call to book an inspection.
$290,00 Negotiable
5 3 3
Address 19 Mortimer Street, Ipswich
Price SOLD for $270,000
Property Type Residential
Property ID 824
Category House

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Bronwyn Handley

0421 926 276
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What our clients say

Hello Di: Thank you for taking the time to show me the property. I greatly appreciated your professionalism, and obvious passion and commitment to obtaining a sale for the owner. To be quite frank, if...

Kez

Hi June, Thank you so much for your diligence in looking after our property. We are very grateful to have such great tenants and property manager . The new format is excellent. Warm regards John &...

"Thank you so much for your help recently. I haven't met such a beautiful person as yourself in a long time. Thanks again."  Leah & Alex

"I just wanted to write and say how professional, efficient, understanding and all round nice Diann was to deal with when selling our house. I felt 100% comfortable and confident that she would sell...

"I was recently involved in selling my mother's home and I found Di to be a very friendly and efficient saleswoman. Her attention to detail in keeping everyone informed was most satisfying - nothing...

"Thank you for looking after us so very well during the sale of our house. We really appreciated the true professional manner and honesty in which it was conducted we had peace of mind very early...