698 Underwood Road, Rochedale, QLD, 4123

A rare opportunity exists to secure one of Rochedale’s most significant landholdings in the heart of Brisbane’s thriving southern growth corridor. Positioned on approximately 2.02 hectares (5 acres), 698 Underwood Road presents an outstanding opportunity for developers, investors, aged care operators and strategic land bankers seeking scale, flexibility and future upside in one of South East Queensland’s most tightly held locations. Importantly, substantial planning work has already been completed, with Development Approval currently in place for eight residential lots, seventeen townhouses and retention of the existing residence. This provides purchasers with the opportunity to acquire a site where considerable time, expertise and investment have already been committed. Located within a rapidly evolving residential precinct, the property benefits from exceptional connectivity to Brisbane CBD, Brisbane Airport, major transport infrastructure and the broader South East Queensland region. Continued population growth, infrastructure investment and strong housing demand underpin the long-term appeal of this exceptional site. Expressions of Interest 698 Underwood Road, Rochedale is offered for sale via Expressions of Interest and close at 12:00pm on 10 July. The vendor’s preference is for offers with minimal conditions. Development Highlights · Approx. 2.02 hectares (5 acres) of prime landholding · Current Development Approval in place · Approval includes: > 8 residential lots > 17 townhouses > Retention of existing residence · Comprehensive development documentation available · Council-approved plans and supporting consultant reports · Development cost records and associated documentation available for due diligence · Significant planning value already established · Outstanding future growth potential Ideal For · Residential developers · Aged care and retirement living operators · Nursing home providers · Strategic land banking investors · Long-term development groups Strategic Location Positioned within one of Brisbane’s strongest-performing residential corridors, the site enjoys convenient access to major transport routes, employment hubs, education facilities and retail centres. Nearby destinations include: · Brisbane CBD – approximately 20 minutes · Brisbane Airport – approximately 15 minutes · Westfield Mt Gravatt (Garden City) – approximately 10 minutes · Sunnybank – approximately 12 minutes · Logan Hyperdome – approximately 12 minutes · Carindale Shopping Centre – approximately 14 minutes · Logan Hospital – approximately 15 minutes · PA Hospital – approximately 18 minutes · Gold Coast – approximately 45 minutes The property is also within walking distance of the new Brisbane Metro infrastructure, further enhancing accessibility and future desirability. Education & Lifestyle Residents will benefit from proximity to a range of highly regarded educational facilities including: · Eight Mile Plains State School · Rochedale State High School · St Peter’s Catholic Primary School · Redeemer Lutheran College · John Paul College The surrounding area offers extensive recreational facilities including Underwood Park, sporting complexes, walking trails, Daisy Hill Conservation Park and a wide range of retail childcare, worship and community services. About Two Belles In 1982 Brian and Jeanette Yore, along with their three children, settled at Two Belles in Rochedale. Over the years they grew strawberries, taro, sweet potato and other small crops. At various times they also had cattle, horses, chickens and ducks on the property. As Rochedale developed many of the old farms became residential housing and Two Belles has finally become available for development. The site has two zonings, NPP-005b: Low density residential at the back and NPP-005c: Low-medium density residential at the front. While the Development Application has been designed with duplex living at the front and larger than average residential blocks at the back, future applications may include changes to the rear zoning, increased density and variations to usage.