21 Cambridge Drive, Alexandra Hills, QLD 4161

A dream development opportunity in a prime position within proximity to everything, this 813sqm allotment features DA Approval for 4x brand-new two-level townhouses.

Ready to transform, this modern multi-dwelling development will see each residence feature private courtyards, three bedrooms, two bathrooms, two-car parking via a garage and carport, and access to visitor parking at the rear. The land is elevated and maximises the potential for the new development to capture the sweeping views and bay breezes.

Featuring an existing neat and tidy three-bedroom, single-level brick home standing on the block, the property offers liveability or rental potential while you finalise the redevelopment plans.

With rental appraisals for each new residence up to approx $775 per week, the resulting townhouses can be held as long-term investments or sold to create high-profit returns.

Property features include:

- Development opportunity on 813sqm with 19.5m frontage

- DA Approval for 4x brand-new 2-level townhouses

- Each townhouse will feature 3-bed, 2-bath, 2-car parking and a courtyard

- Rental appraisal for each townhouse is up to approx $775 per week

- Existing low-set 3-bedroom brick house on the property

Offering an exceptional opportunity in a prime position, this location could not be better. Alexandra Hills Shopping Centre is only 450m away, and you can access Capalaba Park and Capalaba Central shopping complexes in minutes. Buses are available on Cambridge Drive or nearby Finucane Road, and you can easily access the M1 for fast travel.

Children are within the Vienna Woods State School and Alexandra Hills State High School catchments, and families are in close proximity to St Anthony's Primary School, Redlands College, Sheldon College, Ormiston College, TAFE campus and Redlands Hospital. In an area renowned for its remarkable recreation space, the foreshores at Cleveland, Ormiston and Wellington Point are moments away for boating, fishing and days spent relaxing by the water. Beautiful parks and reserves are nearby for playtime with kids and wildlife spotting, and you can venture minutes away to Howeston Golf Course and Sirromet Winery.

Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Torres Property will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate.