Another property sold by Reuben Park!

Walking distance to everything in Nambour this one is potential plus! On 1,011sqm and zoned 'multi unit dwelling' this character site offers a world of options.

On the fringe of the Nambour CBD you'll enjoy the demand that this bustling country town offers. Enjoying over 13% growth in the last 8 months Nambour has shaken off the sleepy feel that it once had and now enjoys rejuvenated business precincts as well as local cafes, eateries and commerce.

This is a prime development option with the end product of your development application being desirable townhouses. Other nearby developments show that three bedroom townhouses will sell in the high $400K's and spacious two bedrooms can fetch in the low $400K's quite comfortably. Add another 6 months in a growing market to these figures and it's easy to see those same three bedrooms exceeding $500K.

If you're not ready for the development just yet you can sit and hold this site and enjoy $600 pw income from the current duplex. In time you might do a light refurb or even for the local handyman live in one while you renovate the other and visa versa.

All in all this is a fantastic site with great potential and a strong yield. Opportunities like this in a growing market don't come up often!

Features at a glance;
- Walking distance to all amenities
- Two tenants returning $600pw total
- Leases in place till Feb and May 2022
- Possible development site
- 1,011sqm block

Tender closes 12th November at 5pm - Contact Reuben Park on 0413 371 696.

Explore the area

School catchments

Nambour State College Combined Prep-12 Government 0.20km
Nambour State College - Junior School Primary Government 0.39km
St Joseph's Primary School Primary Prep-6 Catholic 0.83km
Burnside State School Primary Prep-6 Government 1.6km
Burnside State High School Secondary 7-12 Government 1.6km
St John's College Secondary 7-12 Catholic 2.4km
Nambour Christian College Combined Prep-12 Independent 2.4km
OneSchool Global QLD - Nambour Combined Independent 2.5km
Suncoast Christian College Combined Prep-12 Independent 5.0km
Woombye State School Primary Prep-6 Government 5.2km
Blackall Range Independent School Combined Prep-12 Independent 5.9km
Good Samaritan Catholic College Combined Prep-12 Catholic 6.5km
Montessori International College Combined Prep-12 Independent 7.1km
Bli Bli State School Primary Prep-6 Government 7.2km
Yandina State School Primary Prep-6 Government 7.8km
Palmwoods State School Primary Prep-6 Government 8.0km
Sunshine Coast Grammar School Combined Prep-12 Independent 8.4km
Maroochydore State High School Secondary 7-12 Government 12.0km
Arethusa College - Maroochydore Campus Secondary Independent 12.7km
Coolum Beach Christian College Combined Prep-12 Independent 12.9km
Matthew Flinders Anglican College Combined Prep-12 Independent 12.9km
Immanuel Lutheran College Combined Prep-12 Independent 13.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.