Whether you're looking for land to build your perfect family home, looking to expand your property investment portfolio, or looking to develop the lot - you will not find a better location or opportunity than this! Nestled in a quiet cul-de-sac, you will find 20 Bernice Ave. The huge 728m2 block is currently occupied by a four-bedroom one-bathroom 1970s era home with a large double car shed located at the back of the property. The astute investor who is looking for a property with renovation potential to increase their rental yield will undoubtedly understand the value of this property. However, the true value lies in the land potential. Listed as a medium density residential lot, it has huge potential for high rise development. With a frontage of 20m x 36m and the potential for a 32m high building with a dwelling density of 20 dwellings per hectare, subject to council approvals. This space will be ideal for developers who are keen to get their foot in the door and be a part of the future development of Underwood Just look at the success of its neighbour at 22 Bernice Ave to see how well this property could perform for you! Centrally located with excellent proximity to a range of restaurants, great schools, and walking distance to shops you will feel like you're living in the heart of the city without the crowds! More and more people are choosing to move out of the Brisbane CBD towards the Underwood area. And who can blame them? With only a 25-minute drive into the Brisbane CBD and about 45 minutes to the Gold Coast, this area is perfectly located for a commute to work. If you don't fancy battling the traffic, catch the bus with ease from Springwood Bus Stop, and be in the city in no time via the Southeast Busway. Do not pass up this excellent opportunity to nab a great part of Underwood! Contact Michael today for more information or to arrange an inspection.