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455 Draper Street
Parramatta Park QLD 4870

Bedrooms: -
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Land area: 304m2
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Versatile Development Opportunity - Zoned Neighbourhood Centre - Mixed Use (Commercial/Residential STCA)

An exceptional development opportunity awaits you with this 304m² block of land, perfectly positioned for those looking to capitalise on its mixed-use zoning. Whether your vision includes a commercial venture, a residential project, or a blend of both subject to council approval, this titled block is ready to bring your architectural dreams to life.
Development Approval: This property comes with an approved Development Application (DA) for a stunning architectural design that combines office space with a dwelling (80m2 - 2 bed x 1 bath dwelling behind a 100m2 office with parking). Maximise the potential of this versatile site with minimal fuss.
All essential services are available, including power, water, sewerage, and NBN (Fibre Optic).
Enjoy manageable holding costs with annual rates of approximately $1,320.
Conveniently located just 1.7km (5-minute drive, 7-minute bike ride) to Cairns Base Hospital, offering an excellent opportunity for businesses catering to healthcare professionals or residents seeking easy access to medical facilities.
Enjoy the vibrant lifestyle and convenience of being extremely close to Cairns CBD. This prime location ensures that shopping, dining, and entertainment options are just a stone's throw away.
Zoning Flexibility: Zoned as a Neighbourhood Centre, this property is perfectly suited for a variety of uses. Whether you envision a chic office space, a comfortable residence, or a combination of both, this property provides the flexibility to accommodate your plans (subject to council approval).
With the title already secured and all necessary services connected, this block is ready for immediate development. Seize this rare opportunity to develop a property in a prime location with versatile zoning options. Whether you're an investor, developer, or looking to establish your own business or home, this block offers the perfect canvas.

Property Details for 455 Draper St, Parramatta Park

Building Type
Land
Land Size
304m2

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About Parramatta Park 4870

The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2011 was 3,226 people. By 2016 the population was 3,515 showing a population growth of 9.0% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation. In 2011, 29.4% of the homes in Parramatta Park were owner-occupied compared with 29.8% in 2016.

Parramatta Park has 1,936 properties. Over the last 5 years, Houses in Parramatta Park have seen a 49.06% increase in median value, while Units have seen a 57.63% increase. As at 31 August 2024:

  • The median value for Houses in Parramatta Park is $607,970 while the median value for Units is $383,439.
  • Houses have a median rent of $585 while Units have a median rent of $440.
There are currently 30 properties listed for sale, and 4 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 91 properties were sold in the past 12 months in Parramatta park.

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