2 Thomas Close, Biloela
Developers, builders and investors run the numbers.
Offered this substantial approximately 5,141m² development holding presents an opportunity to acquire a multi-unit project site at an accessible entry price in the established Central Queensland township of Biloela.
Previous development documentation for the property provides for 11 × two-bedroom, two-bathroom units, giving prospective purchasers a significant head start when assessing the site's development potential.
At the asking price, that represents an underlying acquisition cost of approximately $35,900 per proposed dwelling before development and associated costs.
For builders and developers searching for their next regional project, that number deserves attention.
THE OPPORTUNITY
Rather than paying a premium for a completed investment, this is an opportunity to secure more than half a hectare of land and investigate delivering multiple dwellings into an established regional community.
The proposed development comprises:
11 × two-bedroom dwellings
Two bathrooms proposed per dwelling
Multiple proposed floorplan configurations
Approximately 5,141m² total site area
Established Biloela location
Close to Biloela Hospital
Existing development documentation available for review
Whether your strategy is to build and hold, build and sell, stage the project or secure the land for the future, the property provides several potential exit strategies.
WHY BILOELA? WHY NOW?
Biloela is an established Central Queensland service centre surrounded by significant agricultural, resources and energy activity.
Major investment occurring across the wider region includes renewable energy projects, while continued investment in local health infrastructure adds another important employment and accommodation driver.
For an investor or developer, that creates an opportunity to investigate housing demand associated with an established local population alongside workers and professionals servicing the wider region.
MORE THAN 5,000M²
The proposition is simple.
Approximately 5,141m².
Previous plans for 11 dwellings.
For buyers capable of recognising the potential and undertaking the appropriate development due diligence, 2 Thomas Close deserves serious consideration.
Development documentation can be made available to genuine purchasers.
Contact the listing team today to obtain the available information and discuss the property.
Prospective purchasers should undertake their own enquiries with Banana Shire Council and relevant authorities regarding the status, currency, conditions and requirements of any existing or previous development approval and satisfy themselves as to the site's suitability for their intended use. All development is subject to applicable approvals and requirements.
