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Offers Over $10 Million
Massive land, massive opportunity with this perfectly situated property in one the southern Brisbane's fastest growing regions, Park Ridge. With only 0.1% of ALL of Logan City Council zoned as Medium Density Residential this is an opportunity that cannot be missed.
83,246m2 zoned in Medium High Density with an additional 5100m2 in Commercial zoning ($605/week rental from the house on the commercial block), allowing a savvy investor group or experienced development team full creative license to explore the multitude of design possibilities to maximise return on investment and ensure feasibility of a future large residential build.
You can potentially built 1200 Apartment Units (25m high), shopping center or any commercial dwelling or just subdivide to build townhouses, houses are units! The options are limitless with this one!
Situated on the main thoroughfare of Mount Lindesay Highway this property has an easy rectangular shape. It has the added benefit of a quiet side residential entrance from Kantenna Street. It boasts a sizeable frontage and long length creating endless scope for a variety of staged developments including multi-level apartments, house & land allotments, or townhouse designs. The peaceful bushland surroundings add to the appeal for homeowners and tenants of all ages.
Walking Distance:
- 3min walk to Park Ridge Tavern - 200m.
- 5min walk to McDonalds Park Ridge - 300m.
- 7min walk to Park Ridge Town Centre - 500m.
- 10min walk to Park Ridge Park 'n' Ride Stop B - 700m.
- 13min walk to park Ridge Primary School - 950m.
Driving Distance:
- 3min drive to Park Ridge Park 'n' Ride Stop A.
- 3min drive to Park Ridge Early Childhood Centre.
- 3min drive to Park Ridge State High School.
- 4min drive to Parklands Christian College.
- 6 min drive to Browns Plains Grand Plaza Shopping Centre.
- 8min drive to Village Square Browns Plains.
- 16min drive to Sunnybank.
- 26min drive to Brisbane City.
- 30min drive to Brisbane Airport.
- 55min drive to Gold Coast Surfers Paradise.
The property has excellent access to local amenities being within walking distance to the Park Ridge town centre which offers a variety of small business services, tavern, restaurant and take-away along with medical and veterinary clinics. Other amenities in the area include:
- Browns Plains Grand Plaza
- State primary and secondary schools
- Childcare services & recreational facilities
- Park Ridge Express Busway
The sprawling lowset brick home with in-ground swimming pool presents in original condition with many character features including raked ceilings, fireplace and exposed brickwork inside. Whilst the property could be salvaged, or a new home rebuilt in its place the true potential of this site is in its multi-unit redevelopment.
An investment into this development site is bound to generate a solid profit with the right planning and research. Land sites in Brisbane's southern-belt and outer region are fast running out and the just demand keeps growing.
Don't miss out on this excellent opportunity as this is a rare off market opportunity.
'All information contained herein is gathered from sources we consider to be reliable. However, we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries'
16-18 Beverley Avenue, Rochedale South QLD 4123
Call Syed Ali on
0416498295
Call Serena Garcia on
0409455287
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