Developers, we've found you your next outstanding site to capitalise on. Perfectly placed in one of Queensland's fastest growing suburbs, this supersized 10,820m2 allotment holds the key to unlocking a potential future fortune. Boasting DA Approval for 17 lots across an elevated setting, it represents a rare and remarkable property opportunity.
Presenting with four street frontages, this enticing advantage can assist with construction cost savings, by utilising the existing road. The lots are also cleverly configured with length just under 25m, with blocks ranging from 304m2 to 2,450m2. As well, harness its hilltop location, with future residences basking in spectacular sunset views. Additionally, explore your options to maximise the further development potential on the existing house and land. A lowset home, it offers four bedrooms, 3 bathrooms, two living areas and a dining room. Outdoors comprises of two sheds, a four car garage and a swimming pool.
Algester is a residential pocket that's enjoyed rapid growth. Located approx. 18km from the Brisbane CBD, median prices have soared almost 35% in the past five years, making this a savvy investment option. It also benefits from the convenience of easy access to all necessary amenities. Need to travel north or south? In five minutes, you're on the Motorway, with shopping centres including Sunnybank Hills, Calamvale Central and even your local Bunnings all within a seven minute drive. Schools are plentiful too, with ample private and public education options awaiting in a 5km radius.
For further information, including full development approval plans and conditions plus the IM, please contact the exclusive marketing agents, Queensland Sotheby's International Realty. For Sales via Expression of Interest closing at 25th July 2023
* Supersized 10820m2 rectangular land parcel, approx. 18km from the CBD
* DA approved for a 17 lot residential subdivision; blocks ranging from 304m2 to 2450 (approximately) m2
* Elevated location with spectacular sunset views
* Popular suburb, with 34.8% increase in media prices in 5 years
* Wisely designed wide frontage and just under 25 meter length lots
* Further development potential on the existing house land
* Median days on market is 16 days
* 5 mins from M2 and in close to proximity to all necessary amenities
* Limited stock currently available in immediate precinct
• Around 18km to Brisbane CBD
• 6 km to Sunnybank Plaza, Market Square, and Sunnybank Private Hospital
• 4 min drive to Bunnings
• 5 min to M2 Motorway , 7 min to M1 Motorway
• 6 min drive to Sunnybank Hills Shopping town and Calamvale Central
Nearby Schools & Child care
• Algester State School 1.54km
• Sunnybank Hills State School 1.94km
• SunRise Kids Early Education & Care - Acacia Ridge 2.44km
• Avenues Early Learning Centre Sunnybank Hills0.39km
*Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.