1 Frederick Street

Crestwood NSW 2620

718 m²

Land

Currently for sale - view listing

Overview

Premium R3 Development Opportunity – Unlock Medium Density Potential

Positioned within the R3 Medium Density Residential zoning under the QPRC Local Environmental Plan, this exceptional parcel of land represents a rare and highly valuable opportunity for developers, investors, and forward-thinking buyers. Why R3 Zoning Matters: The R3 Medium Density zone is specifically designed to encourage a more diverse and intensive form of residential development than standard low-density housing. This zoning allows for greater flexibility and significantly enhances the land's development potential. Permitted Uses Include (STCA): Townhouses / multi-dwelling housing Dual occupancies Manor homes / terraces Boarding houses and other residential accommodation options This zoning unlocks the ability to increase dwelling yield, making the site particularly attractive for developers seeking to maximise return on investment in a growing regional centre. Added Income Security – Existing Automotive Business Further enhancing its appeal, the current landowner operates a long-standing and established automotive business from the site. There is the potential for this business to continue under an agreed commercial lease arrangement, providing purchasers with an immediate income stream or a holding strategy while planning future development. Or simply buy with vacant possession. This creates a rare dual-benefit scenario: Short-term rental income and tenant stability Long-term redevelopment potential under R3 zoning The Value Proposition: Higher Density = Higher Returns Compared to traditional R2 zoning, R3 allows multiple dwellings on a single title, creating strong potential for redevelopment profits or diversified rental income. Strategic Growth Area Crestwood continues to benefit from its proximity to Queanbeyan CBD and Canberra, underpinning demand for well-located medium-density housing. Supply Meets Demand Increasing buyer demand for low-maintenance homes such as townhouses and duplexes supports strong absorption and resale potential. Flexible Holding Strategy Generate income now through a commercial lease while securing future development upside. Location Benefits: Minutes to local schools, parks, and shopping Close to Queanbeyan CBD Easy commute into Canberra Established neighbourhood with consistent growth A Rare Combination of Zoning, Income & Future Upside Opportunities offering R3 Medium Density zoning plus an existing income-producing business are exceptionally scarce. Whether you're ready to develop, invest, or land-bank, 1 Fredrick Street delivers unmatched flexibility and long-term value. Secure a site where immediate income meets future opportunity. Disclaimer: All care has been taken in the preparation of this marketing material, and details have been obtained from sources we believe to be reliable. Blackshaw do not however guarantee the accuracy of the information, nor accept liability for any errors. Interested persons should rely solely on their own enquiries.