68 Avoca Street, Millbank

Exciting Investment Opportunity – Massive 2023m² Block with 2 Dwellings, Further Development Potential & Huge Frontage.

We are thrilled to present an outstanding investment opportunity at 68 Avoca Street, Millbank. Located on a generous 2023m² corner block, this property offers incredible Potential for immediate returns and long-term growth. Currently, it features two separate dwellings and has been approved to subdivide into three separate lots, unlocking multiple possibilities.

Property Breakdown:

First Dwelling:
Size: Approx. 600m²
Features: 3 bedrooms, 2 living areas, 2 bathrooms, double-car garage
Rental Potential: $600 per week
This spacious home is perfect for tenants, offering plenty of room and comfort in a sought-after location.

Second Dwelling:
Size: Approx. 800m²
Features: 3 bedrooms, 2 bathrooms
Built: 6 years ago
Approval: To convert into a duplex
Rental Potential: $550 per unit (duplex option)
This modern home has been well-maintained and offers fantastic rental income potential, with approval to split the lot into a duplex.

Third Vacant Lot:
Size: Approx. 600m²
This block is currently vacant and ready for development, offering the opportunity to build a third dwelling.

Development Potential:

Subdivision Approval: The property is subdivided into 3 separate lots, creating the Potential for 4 dwellings.

Block 1: 1 existing home
Block 2: Potential duplex (already approved)
Block 3: Room for another new dwelling

With a 99.4m side frontage, the options are vast for creating more rental income or developing further.

Why This Property?

Rental Income: With rental estimates of $600 per week for the first home and $550 per unit for the potential duplex, you can immediately start generating solid returns.

Development Opportunity: With approval to build additional dwellings, this is a prime opportunity for an investor looking to capitalize on future growth.

Prime Location: Millbank is a highly sought-after, flood-free area, making this property an even more attractive long-term investment.

Video Tour Link: Available Upon Request
Rental CMA (Comparables): Available Upon Request

Do not miss this rare opportunity to acquire a prime piece of real estate with endless possibilities.

Address – 68 Avoca Street, Millbank QLD 4670

Contact – Kurt Dempsey – Michaels Real Estate – 0498 066 555 - [email protected]

**Every effort has been made to verify the correct details of this marketing. Neither the agent, vendor, nor illustrator is responsible for any omission, wrongful inclusion, misdescription or typing error in this marketing material. All interested parties should enquire to verify the information and satisfy any concerns. Fixtures shown may not be included in the sale & questions must be directed to the agent. Any information intended to be relied on should be independently verified and necessary due diligence conducted. **