Rental appraisal $350 to $400 per week
A rare opportunity has become available on sought-after Hospital Hill, offering prime development potential with endless possibilities. Set across 2,013m² and already on two titles with dual street access, this property presents a unique chance to create up to three titles in total, making it ideal for a variety of staged or large-scale projects. The elevated location places it within walking distance of both private schools and Kingaroy's CBD, ensuring strong buyer and tenant demand for future developments.
The options here are many. Developers may choose to retain the existing home and build a duplex or triplex next door while later adding another dwelling or take full advantage of the site's scale by removing the house and constructing a townhouse complex or group-titled housing of up to twelve dwellings. Alternatively, the current house could be sold on its own block to generate capital for developing the remaining allotments. With the existing two titles, the project could be managed in stages to suit investment and timing requirements.
The property currently features an older style weatherboard home, comprising a separate lounge room, modern eat-in kitchen, two bedrooms, and a large sunroom that could easily be converted into a third bedroom. The bathroom includes a shower over bath and toilet, while downstairs offers a laundry and second toilet. This dwelling provides either a comfortable residence or a rental income stream while future developments are put in place.
A development prospect of this calibre on Hospital Hill is seldom offered, combining an excellent location, flexible options, and outstanding growth potential. This property offers the option to land bank and could well suit a Self-managed super fund investor.
