150-204 Plunkett Road, Tamborine QLD 4270

$10,000,000+

First time on the market, this family property of 16.72Ha, originally a dairy farm, is zoned for subdivision!

ATTENTION DEVELOPERS: THIS MAGNIFICENT PROPERTY OF 167,200m2 HAS BEEN ZONED BY THE STATE GOVERNMENT AS "PRIORITY DEVELOPMENT AREA"

In clear, the State Government, more precisely the ECONOMIC DEVELOPMENT QUEENSLAND (EDQ), has declared this area as PRIORITY DEVELOPMENT. No size limit applies, with condition that you prove that the block can accomodate the dwelling. Please do not hesitate to call the EDQ for more information, on (07) 3452 7914, and quote the property number "Lot 1 WD2993".

For this exercise in subdividing this block in smaller lots, we will consider 415m2 blocks, a reasonable size for growing families.

Here it is:

167,200m2 less 50% for creek (waterway), road access etc = 83,600m2

83,600m2 divided by blocks of 415m2 = 201 blocks of 415m2

A reasonable selling price for 415m2 block in this area would be minimum $210,000+GST, so total turnover of this project is 201 x $210,000 = $42,210,000 + GST

Maximum cost of subdivision per block, including of everything, should not exceed $100,000+GST (to be verified by your town planer), that brings total cost for construction of blocks to $20,100,000 for 201 blocks

$42,210,000 less subdivision cost $20,100,000 less $11,000,000 (land) = $11,110,000.

Yes, this is a GROSS PROFIT of $11,110,000.

For a site visit, please do not hesitate to contact Reg or Merinda Kim, respectively on 0412 976 122 and 0437 643 181.

Disclaimer: The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification.

Property Details

• Type: Other