STAGE 2 LOT IN CONICAL LANE/VAGLASS STREET KEPPEL BAY ESTATE.
The owner achieved Council Approval to develop 9 allotments at 25 Vaglass Street Keppel Bay Estate.
Stage 1 consists of:
- 4 lots approx. 600m²each ( Lots 1-4) List prices $220K + GST
- Lot 9 to include the existing residence. Not for Sale at this time
- Balance lot 700 for future stage 2 (which is the lot for sale).
The civil works are completed and the as constructed plans have been lodged with Council so that registration of the plan is imminent.
Stage 2 (to be registered as Lot 700). This allotment with development approval is available for sale for $450,000 + GST. I think it is the best acre allotment available in the Yeppoon district at the moment. The existing approvals for Stage 2 (Lots 5-8) will remain and the majority of development works associated with the creation of the lots are already completed. The owner, for personal reasons, has decided to sell the second stage as one lot of 4,108 m² . All approvals and plans, engineering design etc. will be made available to the successful buyer.
This creates a wonderful opportunity to acquire one acre + allotment that has all the services available, all the town planning approvals available to create 4 lots. For a builder it offers an opportunity to build out and control a small subdivision. The possibility of even higher density than just the proposed 4 lots exists. Ideally a residence erected on the site would be done to ensure future development in line with the approvals. The potential is wonderful and unique in the market place.
Overall, the site is serviced, elevated, close to Yeppoon CBD and with views.
Fabulous investment with options. Call Peter on 0411 799 499 to inspect.
