Unlock the potential of this rare 810m2 development site, ideally positioned in the heart of sought-after Woody Point.
Offering two lots on one title within a Next Generation Zone, this versatile site presents a lucrative opportunity for developers and investors alike. With DA approval (May 2024) for 11 boutique apartments up to three levels, comprising 10 two-bedroom units and 1 one-bedroom unit (subject to council confirmation) or the potential for four spacious townhouses (STCA), this is a site with endless upside in a rapidly appreciating market.
Perfectly positioned on a desirable corner block, with seamless access via View Street, this property is a prime candidate for a high-quality residential project. With surging property values-house prices up 5.9% YoY and rental yields up 9.1%-this is a prime investment opportunity. The location offers unrivalled lifestyle appeal, with the waterfront, parks, and a vibrant café and dining scene just a short stroll away.
Features:
- 810m² corner allotment with two lots on one title
- Moreton Bay Regional Council's Next Gen Zoning - a high-growth precinct earmarked for diverse housing options with fewer restrictions
- DA Approved for 11 apartments (Approved May 2024, valid for four years)
- Alternative potential for four townhouses (STCA)
- Flat and highly accessible block with dual street frontage for easy construction
- Dwelling on site is a two-bedroom cottage, with ceiling fans, updated kitchen, carport and fully fenced yard
- Currently tenanted at $495 per week - hold and landbank while securing approvals
Situated within walking distance to the waterfront, including the Woody Point Jetty, sandy beaches, and scenic parks, this property offers a coveted coastal lifestyle. Residents will enjoy close proximity to The Belvedere Hotel, popular cafes, restaurants, quality schools and boutique shopping, all just a moment's away.
Major shopping hubs such as Peninsula Fair and Margate Shopping Centres are within a 5-minute drive, while Westfield North Lakes, offering premier retail and dining, is approximately 20 minutes away. For commuters, buses are readily available on Oxley Avenue, and the Hornibrook Bridge provides direct access to Brisbane in under 40 minutes. Additionally, the property is near lifestyle and recreation facilities, including Woody Point Beach, Apex Park and Kayo Stadium. Medical and educational amenities are easily accessible, ensuring convenience for future residents.
With limited large-scale development sites remaining in Woody Point and demand soaring, offering accessibility, lifestyle living and versatility this is an unmissable opportunity to capitalise on the region's ongoing growth.
For more information or to secure this prime development opportunity, contact The Ben's today.
*Please note the tenants belongings have been digitally removed from the photos.
Disclaimer:
In preparing this advertisement we have endeavoured to ensure the information contained is true and accurate. We accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
