1487-1513 Waterford Tamborine Road, Logan Village QLD 4207

$2,100,000

Beautiful horse Ranch; 2.02ha of flat land for future development!

Attention Horse lovers, investors, land bankers for future development!

This is an amazing place to be. Walking among these many paddocks, all fully fenced for horses, is a pure pleasure. The bore delivers an exceptional crystal clear water, used to feed the horses, you will never run out of water; I drank a little of the bore water, beautiful.

Though this property is still zoned Rural, development has occurred all around, within 2 minutes drive in both direction, Logan Village on one side, Yarrabilba on the other side, at walking distance to both shopping Centres. I do not believe it will take very long for subdivision to happen on this site.

To be honest, the place is so beautiful that you might never want it to de developed into small parcels. This ranch will seduce you from the very first moment you walk in the garden, the beautiful grass is omnipresent.

The property counts two houses; the family home, massive, plus a large granny flat. The main house counts 2 living areas, 4 large bedrooms, 2 bathrooms including the ensuite of the main, and the circular covered patio adds to the comfort and the style. The granny flat has 2 bedrooms, 2 living areas and its own kitchenette and bar with direct access to the patio. From the two houses, the view on the paddocks is absolutely gorgeous.

The ranch counts three sheds, one being the horse stables plus storage, plus a large carport near the entrance. All the paddocks are fully electric-fenced for horses, well setup so that many horses can be kept separately when being trained.

This property is perfectly flat, and not flooded at all. You could live in it for a few years, bringing back the ranch to life with a few horses, and then when time will come and zoning allows it, to subdivide it into smaller lots.

The following is just an idea of subdivision if and when the council will authorise this development.

Total area 20,220m2, less road access 20% = 16,176m2 of useable land.

Now if we consider 420m2 block, we are left with 38 blocks of 420m2. At a present selling price of $250,000+GST per block, this is a turnover of $9,500,000+GST. Cost of making the blocks is estimated to be not more than $100,000+GST per block, that is a total cost of $3,800,000+GST.

But again, you cannot buy such property and expect to develop rapidly, as this could take time. So take the time to live with your family this amazing life on a ranch, and when time will come and the kids moved out, you could consider a beautiful subdivision.

- Perfectly flat non flooded 20,220m2 block, fully fenced and ready for horses
- Bore water for the horses (beautiful water)
- Air condition in the 2 houses
- Self contained Granny Flat
- Separate laundry with extra toilet, so convenient when doing a bbq with family and friends
- House steel frame (solid construction)
- Double garage with remote control
- Salt water swimming pool
- 30,000 litres water tank
- Double carport
- Large sheds
- Horse stables
- Electric fence around each paddock for horses
- Gas, Town water, 5G available just outside the gates, and sewer connection just a few metres away
- Walking distance to both shopping, schools, public transport outside gate

Property Details

• Type: Other