Fulfill your dream to own a block of multi-unit building in this rapidly developing area at a minimal cost!
This vacant 792M2 north-facing corner block has so much potential:
- Recently rezoned to Medium Density – allowing up to 5 levels of mixed dwellings – top up your super fund with this amazing investment!
- Land bank now while the owner is keen to sell. The total 19ha area has been rezoned to Medium Density Residential (maximum height of 5 storeys). While it’s hard to imagine what the whole area will look like, you’ll be hard pressed to find a similar opportunity situated right in the centre of a mix of residential, commercial and retail precincts – ESPECIALLY AT THIS AFFORDABLE PRICE!!!
- Build up to 5 level multi apartment block to sell amongst an area where the unit lifestyle is in high demand and yet there is little to no supply.
- Build at a wholesale price and rent out where there is high demand for student accommodation or professional suites. Retire early on the stable rental cash flow!
For further details on the development, please go to Brisbane City Council’s website at www.brisbane.qld.gov.au/neighbourhoodplanning – The Acacia Ridge/Archerfield Neighbourhood Plan. Or we can email you the pack of details upon request.
A snapshot of the total development:
- 19 ha total area of LOW Medium Density Residential, Multi-Unit Dwelling height to 3 storeys, Medium Density Residential with maximum dwelling heights to 5 Storeys
- 95,000M2 – possible GFA area able to be developed (50% site area)
- 950 dwellings able to be developed (avg. 100M2 dwelling)
- 2,100 – possible precinct population (avg. 2.2 persons per dwelling)
- 0.45 ha – area of parkland within the precinct
Some features about this 792sqm block:
- Zoned for Medium Density Residential development up to a maximum of 5 levels
- Benefits from dual street exposure which presents an extraordinary buying situation.
- With a centralized position in upcoming Coopers Plains this vacant land offers a location that is s