This significant 809sqm flat, flood free site is zoned for low-medium density residential development and allows for up to 5 townhouses or 14-16 apartments with a height allowance of 15m. Offered at an economical price by a motivated seller, this is an absolute steal! The house itself is a well presented 3-bedroom highset home with an immaculate renovated kitchen with brand new gas stovetop, an airconditioned dining/living room and airconditioned master bedroom plus ceiling fans in the living room and in the kitchen – genius! Each of the three bedrooms on the upper floor come with plush carpets and have ceiling fans and built in robes. Downstairs is ready for you to finish building in to a second living zone to bring in additional profit. The downstairs area already has a toilet and shower, sink and dedicated area ready to be turned into a kitchenette, and an airconditioned rumpus – in addition to the adjacent double lock up garage! Downstairs is joined with the upper level of the house with a set of internal stairs. This site is in the epicentre of a development and federal spending frenzy under the Meadowbrook Master Plan, including an upcoming 29 million on the Logan Hospital and a further 18 million for a Loganlea train station upgrade. Situated in the heart of Logan, your new development is in a superior central location. Situated 260m to the Loganlea State High School and 550m to the train station, the accessibility and convenience of this site are simply second to none. In the immediate vicinity you'll find the Meadowbrook Shopping Village, QLD Tafe and Logan Hospital each less than 2 kilometres away, and the Griffith University Logan Campus less than 2.5 kilometres away, all bringing masses of job and population growth to the area. Development sites with this type of highly sought-after location, with this kind of income potential at this kind of price are an extremely rare commodity. It's also under 30 minutes' drive to the Brisbane CBD, and approximately 50 minutes to the Gold Coast! All the investment and development essentials are covered. This site should be your next move.