45 Cambridge Street

Rocklea QLD 4106

2024 m²

House

Currently for sale - view listing

Overview

Rare Dual-Site Development Opportunity - Buy One or Secure Both!

Opportunities like this are becoming increasingly difficult to find. Offered to the market individually or as a combined holding, these two adjoining properties present a compelling proposition for developers, investors, renovators and land bankers seeking flexibility, future upside and multiple potential exit strategies. Positioned side-by-side on a combined land area of approximately 2,024m², the properties offer level, usable land with excellent access and significant redevelopment potential, subject to Brisbane City Council approval. Whether you're a first home buyer or investor looking to renovate and hold, develop for profit, land bank for the future, or create a substantial dual-income investment, this is an opportunity worthy of serious consideration. 45 Cambridge Street • Lowset brick residence • 3 bedrooms • 2 bathrooms • Large rear shed approximately 7m x 7m • Positioned on a level 1,012m² allotment • Ideal renovation project with substantial upside 49 Cambridge Street • Highset residence • 3 bedrooms plus study • 2 bathrooms • Positioned on a level 1,012m² allotment • Excellent scope to renovate and add value Development & Investment Potential Option 1 - Secure Both Properties The combined holding of approximately 2,024m² creates a rare development opportunity. Potential exists (subject to Brisbane City Council approval) to: • Renovate both existing homes. • Subdivide and create a substantial vacant rear allotment estimated at approximately 600m²-800m². • Construct a new dwelling on the rear allotment. • Retain, sell or lease the improved residences and new home separately. For developers seeking a larger-scale project, the combined site may also lend itself to: • Demolition of the existing improvements. • Creation of up to four approximately 500m² allotments (STCA). • Resale of vacant lots or construction of new homes. Option 2 - Purchase Individually Each property also presents an attractive standalone investment opportunity. Subject to Council approval, purchasers may consider: • Renovating the existing dwelling. • Constructing a secondary dwelling or granny flat at the rear. • Creating a dual-income investment with strong future cash flow potential. • Holding for long-term capital growth while benefiting from rental income. Flood considerations are understandably important when purchasing in Rocklea. Importantly: • The properties were unaffected during the 2022 flood event. • They experienced only minimal impact during the 2011 flood event. Buyers are encouraged to undertake their own investigations regarding flood mapping and future development potential, they are also included in our information pack available upon inspection of the properties. Location Highlights • Approximately 10km from the Brisbane CBD • Easy access to Ipswich Motorway and major transport corridors • Close to Rocklea Markets • Convenient access to schools, rail and shopping facilities • Located within a rapidly evolving precinct benefiting from ongoing infrastructure and population growth Opportunities Are All About Options Rarely does the market offer adjoining 1,012m² allotments with such flexibility. Purchase one and unlock the potential to create a high-performing investment. Purchase both and explore a range of development outcomes that could deliver substantial future value. Buy one or buy both - the choice is yours. NB. All development concepts and subdivision possibilities referred to in this advertisement are subject to Brisbane City Council approval. Buyers should undertake their own independent investigations and obtain professional planning advice prior to purchase.