68 Queens Road

Everton Park QLD 4053

Situated in a popular pocket of Everton Park, this huge 2562sqm block of residential zoned land has been given the green light to develop eight townhouses. In addition, the BA have been approved and the land is now ready for civil works to commence without delay.This is a fantastic opportunity for a boutique developer or home builder to acquire their next development project with all the planning and application phase already completed. Landbankers looking to sit tight and ride the property cycle will also be assured of solid long-term gain on this vacant land.This region is ideal for a small freehold, or strata-titled townhouse community to be established, with several other similar complexes having already been established in recent years it shows the appeal and proven track record to attract owner occupiers and investors when it comes to residential sales. Couple this with the consistently strong rental returns being achieved and this development is destined to bring in substantial returns.Median house prices are sitting just over $900K and have seen a 29% increase in last 12 months, whilst unit sales have risen nearly 13% in the same period. Average rents for established houses are $550 per week though with a distinct lack of new product supply in the area and the popular location, it would be expected for rental returns to reach $650 per week and above for a premium finished 3 to 4 bedroom townhouses in this location.Everton Park is located 8km to Brisbane city centre and Queens Road runs through the heart of this burgeoning neighbourhood. From this premium position residents have access to a plethora of amenity from transport, education, medical and major employment nodes plus recreational outlets. Highlights include:- Short walk to local bus services on Queens Road- 650m walk to local 7-Eleven and Coffee Club- Next door to Prince of Peace Lutheran College- 2 minutes to two medical centres - 3 minutes to McDowall or Everton Park State School- 4 minutes to Teralba Park & Football Club- Under 3km to Everton Park Plaza- 4km to Bunyaville Conservation Park- 5 minutes' drive to North West Private Hospital & Northside Christian College- 5 minutes to Flockton Street or Brookside shopping centre- 6 minutes to Grovely Station- 8 minutes to Prince Charles Hospital- 10 minutes to Westfield ChermsideThe suburb has seen plenty of upgrades to local infrastructure in the last few years. The redeveloped Everton Park Plaza is now home to an eclectic mix of restaurants, cafes, and eateries along with big supermarket chains and essential services too. For the opportunity to learn more about this property, please call me, all enquiries welcome.**All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries**