Investment & Development Opportunity 1,307m² Medium Density Site
Rare opportunity to secure a substantial 1,307m² Medium Density Residential site in Maryborough, combining an existing income-producing property with significant future development potential.
The property currently comprises four residential flats, providing holding income from day one while offering an attractive opportunity for investors, builders or developers.
Considerable work has already been undertaken towards the future development of the site. We have been working with a town planner and building designer, with detailed concept plans prepared for a proposed 10-townhouse development, including site plans, floor plans and architectural elevations.
The project is continuing through the planning and design process, with the intention of progressing to final DA submission. Based on current advice, the anticipated timeframe through the DA process is approximately 34 months following final submission, subject to council assessment and any further requirements.
Property highlights:
* 1,307m² freehold allotment
* Medium Density Residential zoning
* Existing four-flat residential complex
* Existing rental/holding income
* Proposed 10-townhouse development concept
* Town planner engaged and planning work underway
* Detailed architectural concept package completed
* Approximately 1.5km from Maryborough CBD
* Town water, sewerage, electricity, gas and telecommunications connected
* Opportunity to acquire the property now and continue progressing the existing development concept
$995,000
Full concept plans and further information regarding the proposed development are available to genuine interested parties.
Concept plans are currently at design-development stage and are not represented as having Development Approval. Any proposed development remains subject to council and other relevant approvals. Purchasers should undertake their own due diligence.
For enquiries please phone: 0460 029 472
