Have you been searching for a large parcel of land in a prime area with excellent potential and yield? Now is your opportunity! Boasting 114m of frontage on Learoyd Rd, this gently sloping block offers the significant advantage of being adjacent to a new estate (Paradise Lakes Estate by UNILAND) comprising 37 blocks at the rear (with more on the way). This provides quiet street access via Waters Avenue, making this site an opportunity not to be missed. This new estate has set record prices, which sets a precedent for this new development and potentially even higher $/sqm rates. A renowned local town planning company has been engaged, and much of the preliminary groundwork has been carried out, saving you both time and money. Whether you're aiming to buy and hold for future development or wish to begin developing immediately, this block promises a secure return on investment. The town planner has assembled a realistic proposal, estimating a conservative total of 25 lots (subject to Council Approval). These lots range from 399sqm to 430.5sqm, adhering to current guidelines and regulations. However, a more ambitious plan might be feasible. We possess all relevant overlay maps, including those highlighting fire zones, koala habitats, areas of ecological significance, bio basins, parklands, and other easements and standard setbacks. Remember, this initial assessment serves primarily as a guideline; the eventual buyer may envision and achieve varying lot sizes or configurations. Should the parklands' dimensions be decreased, the lot count could potentially rise to 30-35. Beyond its development potential, this property presents alternative opportunities such as an equestrian centre, horse agistment, hobby farm, small/home business, religious centre, or even commercial ventures - all subject to Council Approval. The owners are eager to sell and are willing to rent back the house and land for a minimum of 12 months, affording you time for further due diligence. For prospective buyers looking to land bank and utilise the property in the interim, the possibilities are ample. The site also hosts 2 very liveable and rentable dwellings: a 3 bed, 1 bath low-set wood home, and a 5 bed, 1 bath, 1 car low-set wood home. These could offer a holding yield of approximately $52,000/year. For a comprehensive information memorandum supplied by the town planner, please don't hesitate to call, text, or email me. Large plots like this are increasingly rare, especially those offering secluded off-street access. On Learoyd Rd, this site is a unique find. Take a wise step and secure this lucrative block today. We're eager to collaborate with you throughout the development process and assist in selling all the blocks once completed.All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.K & Q Investments Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property PartnersABN 56 794 753 139/ 21 107 068 020
