SUBSTANTIAL DEVELOPMENT OPPORTUNITY AWAITS!
With leafy surrounds and an enviable location in popular Fig Tree Pocket, this rare offering of a combined 2.05Ha of land presents a remarkable opportunity for a shrewd developer or investor.
Recognising a need for increased housing and infrastructure in and around Brisbane City, the draft of the South East Queensland Regional Plan was released in October and outlines the State Government's view on how to accommodate a growing population in the future.
To keep up with the predicted demand, a target has been set for Brisbane City Council to approve more than 223,000 new homes over a 30 year period highlighting that, due to a lack of available land, nearly all of these new homes can only be delivered through redevelopment of existing properties.
With Fig Tree Pocket currently on a development trajectory, these blocks of land are ripe for a savvy investor to realise their architectural vision, subdivide or build their own home. Alternatively, take advantage of a buoyant market by holding on to the land and renting out each of the existing houses on the two lots.
Positioned only 10kms from the CBD, these enormous blocks have over 100m of combined road frontage and are conveniently situated close to one of the major transport corridors to the city and Gold Coast.
Please note: While every effort is made to ensure that this plan and information contained within is as accurate as possible, it is for illustrative purposes only and not guaranteed to be exact. Subdivided lots are for concept purposes only. Any interested party should make their own enquiries regarding possibilities.
Call the team at 4069 Real Estate today for an inspection!
