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229 Persse Road
Runcorn QLD 4113

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Prime Development Opportunity: 10,200 Sqm Lot with DA for 24 Townhouses in Runcorn

Nestled on a substantial 10,200 square meter expanse, 229 Persse Road, Runcorn, 4113 represents an exceptional opportunity in the realm of real estate development. This meticulously planned property boasts Development Approval (DA) for the construction of 24 townhouses, offering a unique blend of luxurious modern living in a prime location.
Property Overview:
• Lot Size: 10,200 square meters approx.
• Frontage: 50 meters approx.
• Length: 201 meters approx.
• Zoning: Residential, renowned for Townhouse and Duplex developments.
Development Highlights:
This impressive project comprises 18 townhouses, each featuring 4 bedrooms, 2.5 bathrooms, and ample parking space for 2 vehicles. Additionally, there are 6 townhouses, thoughtfully designed with 3 bedrooms, 2.5 bathrooms, and the same parking capacity.
Holding Income:
At present, the property generates a steady holding income. The existing 5-bedroom, 2-bathroom, 2-car brick home on the premises can be effortlessly removed, presenting a blank canvas for astute developers.
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Property Details for 229 Persse Rd, Runcorn

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About Runcorn 4113

The size of Runcorn is approximately 6.5 square kilometres. It has 31 parks covering nearly 19.6% of total area. The population of Runcorn in 2011 was 14,074 people. By 2016 the population was 14,599 showing a population growth of 3.7% in the area during that time. The predominant age group in Runcorn is 20-29 years. Households in Runcorn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Runcorn work in a professional occupation. In 2011, 61.9% of the homes in Runcorn were owner-occupied compared with 60.8% in 2016.

Runcorn has 5,602 properties.

    There are currently 30 properties listed for sale, and 25 properties listed for rent in Runcorn on OnTheHouse. According to CoreLogic's data, 259 properties were sold in the past 12 months in Runcorn.

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    Umair Khan
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    Ray White Acacia Ridge
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