If you are looking for a prime place to develop units, then talk to Darryl Date-Shappard because he has a really good one here in Lawnton less than 200m from the train station.

Being within 400m of a transport hub, local councils now may allow medium density housing with a minimum of 40 residential dwelling units per hectare. With a 7,299sqm property that comes out to at least 29 dwelling units, subject to council approval. More are possible if a development application goes for high density.

Just recently 10 units were built on the same corner across the street, so there is definitely good precedent for further development in this neighbourhood.

In Nov 2008, the local council approved an 80-unit high density 8-storey building development application to be built on 16 – 18 Todds Rd, which is within 400m of the station, too, but that site was only 2024sqm.

What could you do on a site that is 7,299sqm – almost 4 times as big!?

The golden years of this 93-year old Queenslander may have passed, but there’s a lot of “gold” left in the land for the right developer. The house has termite damage, and major renovations would be necessary. The whole property is over 7 titles, so a scaled development is possible. You could even develop some, sell some of the lots, and keep a few extra off the market for awhile to see how the property market takes off.

Call Darryl Date-Shappard at 0413-310-370 to find out more.