FOR SALE
$3,400,000

185 Park Ridge Road
Park Ridge QLD 4125

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2.03ha
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Prime Development/ Investment Opportunity in Park Ridge, QLD

Elevate Your Portfolio with a Landmark Development Site
Introducing 185 Park Ridge Road, a sprawling 2.03-hectare property in the rapidly growing suburb of Park Ridge, QLD. This prime land offers developers and investors an exceptional opportunity to tap into the area's accelerating growth and strong market demand.
Key Highlights:
- Expansive Site: With over 2.03 hectares, this property offers ample space for major development and subdivision projects.
- Prime Location: Zoned as 'Emerging Community', the site is in a prime position for future growth, presenting a significant opportunity for a wide range of development plans.
- Development-Ready: Free from flood risks and vegetation constraints, the land is ready for immediate development, ensuring a quick start to your project.
- Maximised Land Use: The flat terrain allows for optimal site utilisation, making it suitable for various development possibilities.
Development Opportunities:
- Residential Projects: Ideally suited for the creation of a vibrant residential community, the site offers potential for everything from high-density apartments to exclusive, low-rise estates.
- Mixed-Use Potential: Seize the chance to develop a mixed-use precinct, combining residential units with commercial spaces to cater to the area's growing demand.
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Property Details for 185 Park Ridge Rd, Park Ridge

Building Type
Commercial
Land Size
2.03ha

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About Park Ridge 4125

The size of Park Ridge is approximately 16.8 square kilometres. It has 10 parks covering nearly 0.8% of total area. The population of Park Ridge in 2011 was 2,328 people. By 2016 the population was 2,509 showing a population growth of 7.8% in the area during that time. The predominant age group in Park Ridge is 70-79 years. Households in Park Ridge are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Park Ridge work in a trades occupation. In 2011, 77.5% of the homes in Park Ridge were owner-occupied compared with 74.5% in 2016.

Park Ridge has 6,209 properties. Over the last 5 years, Houses in Park Ridge have seen a 80.95% increase in median value, while Units have seen a 83.20% increase. As at 30 September 2024:

  • The median value for Houses in Park Ridge is $769,477 while the median value for Units is $645,171.
  • Houses have a median rent of $580 while Units have a median rent of $490.
There are currently 68 properties listed for sale, and 38 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 321 properties were sold in the past 12 months in Park ridge.

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Oktay Vali
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GC Prestige Group
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