Large LMR2 Dual Block in Exceptional Location - Massive Potential for Development!

7-9 Alderwood Street, Acacia Ridge, 4110

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1,892,022 AUDEst. Mortgage: AUD 13,295/monthFor Sale
  • Ownership Type House
  • Property Area 1,316 sqft
  • Bedrooms 6
  • Bathrooms 2
  • Furnished No
  • Last Updated 29th Aug, 2022

Amenities

Feature that provides comfort, convenience, or pleasure
  • Carport: 3
  • Garage: 2

Property Overview

Calling on all keen developers and investors! With two blocks of 658m2 in Acacia Ridge, totalling at 1316m2, holding the possibility for land banking, developing or subdividing (STCA), this prime land has the potential to fulfil your biggest and brightest real estate dreams. Two tenanted properties currently reside on the plots, providing a fantastic temporary rental income while planning your next move. This opportunity simply cannot be missed!<br/><br/>To keep things easy, here are the basics:<br/>- Two 658m2 blocks of land, each with a currently tenanted property, provides you with 1316m2 for prime development (STCA) while gaining a temporary rental income<br/>- LMR2 zoning allows for unit development of up to two or three storeys, or possible subdivision<br/>- The blocks back onto Elizabeth Street Shopping Centre for access to the IGA, restaurants, and plenty of amenities<br/>- The area is prime for families, with parks and buses a short walk away, and Acacia Marketplace and Sunnybank Hills Shoppingtown both an easy drive<br/><br/>If you love to dream big, look no further. This large dual block has the potential to hold units, townhouses, villas, or anything up to two or three storeys (STCA). You would also have the option to subdivide the land into four separate plots, perhaps to build four individual properties for a sizeable return. There are also two currently tenanted Queenslanders residing on the land, allowing you to gain a temporary rental income while planning your big build.<br/><br/>In a truly accessible location, the land backs onto Elizabeth Street Shopping Centre, with a variety of restaurants, cafes, fast food, and an IGA. Acacia Marketplace is only a six-minute drive, and Sunnybank Hills Shoppingtown is barely eight minutes away for a larger variety of shopping. Future family residents will adore the merely two-minute drive to Watson Road State School, as well as being within the catchment for the high-performing Sunnybank State High School. Parks are a short walk, the closest bus stop is barely 100 metres away, and Beaudesert Road is 400 metres away for exceptional motorway accessibility and easy commutes.<br/><br/>In such a convenient location, with tremendous accessibility and boundless opportunity, make sure you contact Jonathan and Zora today to watch your investing dreams become a reality!

Location on Google Map

7-9 Alderwood Street, Acacia Ridge, 4110

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