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AUCTION DETAILS: In-Rooms at Ray White Rochedale on Tuesday, 10th of September, unless sold prior. Doors open at 5:00 pm, with the auction commencing at 6:00 pm. Offers are welcomed and will be considered by the motivated sellers prior to the auction.
Seize the chance to be part of something extraordinary with this DA-approved development opportunity, perfectly positioned in the heart of Rochedale South. Spanning an impressive 5,464m?, this prime parcel of land is poised to become a highly prosperous venture for one fortunate buyer. With council approvals already in place for a 10-lot freehold title subdivision, this property is ready for civil works to commence immediately.
An added benefit for developers and investors is the existing two dwellings on the lot, meaning infrastructure charges are applicable for only 8 additional lots. This presents a cost-effective opportunity to enjoy rental yields from the existing properties while you plan your development strategy.
Located less than 2kms from Arndale Shopping Centre, you will have excellent access to local shops, amenities, and famous pubs. Furthermore, this property is only 20kms from the Brisbane CBD, offering great connectivity to the Pacific Motorway, making it an ideal location for future growth and accessibility. The Queensland and Australian Governments are investing $750 million to upgrade the Pacific Motorway, enhancing safety, capacity, and transport options. This project includes extending busways, improving cycling routes, and widening lanes to reduce congestion and improve connectivity.
Market data indicates that Rochedale South is a highly sought-after area, with only 0.56% stock currently available on the market for houses. Long-term growth is projected at 9.33%, according to DSRdata, and with only 23% of renters in the market, the area is primarily owner-occupied, suggesting stability and strong demand. The ripple effect potential in Rochedale South also means that it is set to experience massive growth in the coming years, with the value of houses rising by 21.2% over the last 12 months alone.
The owners are highly motivated to sell and are prepared to meet the market, making this an unmissable chance to secure a premium piece of real estate in a sought-after location. Whether you're an experienced developer or a savvy investor, the potential here is undeniable.
Opportunities of this calibre are truly rare, so don't let this one pass you by. We have clear instructions that this must be sold on or before Auction Day. Act quickly to make this exceptional property the cornerstone of your next successful project!
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 should rely solely on their own enquiries.