Exceptional Development Opportunity in Boronia Heights: 6,831m² of Prime Land with Dual Access
Seize the chance to develop or invest in a strategic parcel of land in the rapidly growing suburb of Boronia Heights. This expansive 6,831m² property at 51 Fedrick Street offers an unparalleled opportunity for developers and land bankers alike, with significant potential for future growth and value appreciation.
Key Property Details:
- Address: 51 Fedrick Street, Boronia Heights QLD 4124
- Land Size: 6,831m²
- Zoning: Low Density Residential – Small Lot Precinct
- Not in a flood zone or bushfire zone
- Frontage: Approximately 40.2 meters
Occupancy: Currently rented at $620 per week until April 2025
Development Potential:
The property offers significant development potential, with preliminary plans for a subdivision into 11 or 12 residential lots. The proposed lot sizes range from 392m² to 452m², making them ideal for modern family homes. The site’s location within the Low Density Residential Zone ensures it is well-suited for residential development, with ample space for a new road, retention basin, and essential infrastructure.
Dual Access Advantage:
Dual Access: The property currently has access via Fedrick Street, providing direct entry to the existing house. The site also benefits from access from Devereaux Road, enhancing the connectivity and appeal of the subdivision. This dual access is a significant advantage for future development, ensuring smooth traffic flow and convenient access for residents.
Investment and Land Banking Opportunity:
For investors, this property represents a secure and income-generating land banking opportunity. With a current rental income of $620 per week until April 2025, the property provides a steady cash flow while you plan for future development. As Boronia Heights continues to develop, land in prime locations like this will become increasingly valuable. The dual access and proximity to ongoing infrastructure projects further enhance the potential for capital appreciation, making this an excellent long-term investment.
Strategic Location:
Proximity to Infrastructure: The property lies within the Logan City Council area, with infrastructure services readily available, including sewerage and transport networks.
Future Growth: The area around Short Street has seen significant development activity, including approved townhouse projects and ongoing residential constructions, indicating a strong demand for housing in this region.
Accessibility: Easy access to local amenities, schools, and parks, ensuring future developments will appeal to families and professionals alike.
Don't miss out on this exceptional opportunity to secure a prime piece of land with vast potential, offering both immediate rental income and future development prospects.
For further information, including detailed planning reports and preliminary subdivision plans, please contact Howard Tsang at Hatch Real Estate.
