1 Nerissa Court, Underwood, QLD 4119

Prime Development Opportunity on MDR Zoning (High Rise)

Here you have a rare chance, an option to buy a perfectly positioned corner block with 2 street frontages, easy to build with flat land and one of the few blocks left in the area of this potential.

With an option to build high rise and have steady income in management rights and a an easy option to mix commercial spaces with the development, 1 Nerissa Ct. is an opportunity which most developers wait for. Located right in the midst of all the new high rise developments and newly proposed apartment, commercial dwellings and complexes just backing onto Nerissa Court and an easy access to the new motorway exit and the new proposed bus station in Underwood.

A massive opportunity for developers, home buyers and astute investors! Number 1 Nerissa Ct. Underwood is all up for grabs with a total land size of 768m2, a 37.4m frontage on Nerissa Court & 18m frontage on Eleanor Avenue it is the only block up for sale with this kind of potential in the area.

Highlights:

- Medium-High Rise/ Large Units

- No easements and overlays on the land

- Flat block with dual street frontage

- Rent back option from the seller to offset the holding costs while you get your DA & BA approval

- Perfect for land banking or for developers

- Management rights

- A perfect low-set brick house ready to move into or rental

Central location, walking distance to Underwood Marketplace including a variety of local shops, backing onto a newly developed residential and commercial apartment complexes and office buildings and with a few more commercial and residential projects under construction around the street. These properties on Nerissa Court, Underwood presents a once-in-a-lifetime opportunity for astute investors seeking to land bank, lease out, develop, or even reside amongst other established and increasingly popular properties in the esteemed Underwood locality.

Options to Develop (STCA):

- Apartment complex (High Rise)

- Townhouses

- Childcare centre

- Hotel/Motel

- Aged care facility

- Health care services

- Commercial apartment blocks

- Mixed residential /commercial blocks or apartments

It holds endless potential, all you've to do is enquire!

Obtain rental income to offset the holding cost, demolish and develop the land or land bank for prospects, the choice is yours! Our instructions are clear - this property must be SOLD! To ensure that you do not miss out on this opportunity, register your interest today.

Contact Team Syed Ali @04165 498 295

To register your interest or to book a private inspection.

"RAY WHITE ROCHEDALE has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

We encourage all buyers to do their own feasibility study as we will only provide the one we have from the vendors.''