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Sold on 14 May 2024 for $3,400,000

185 Park Ridge Road
Park Ridge QLD 4125

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 233m2
Land area: 2.03ha
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Property Details for 185 Park Ridge Rd, Park Ridge

Building Type
Commercial
Floor Size
233m2
Land Size
2.03ha
Local Government
Logan City
Lot/Plan
4/RP161785

Last Listing description (May 2024)

Elevate Your Portfolio with a Landmark Development Site

Introducing the distinguished property at 185 Park Ridge Road—a sprawling 2.03-hectare site in the dynamic suburb of Park Ridge, QLD. This prime land offers developers and investors a brilliant chance to leverage the area's rapid expansion and robust growth potential.

Key Highlights:

- Expansive Site: Spanning over 2.03 hectares, the property provides ample space for ambitious development and subdivision ventures.
- Prime Location: Situated in the 'Emerging Community' zoning, the site is at the heart of a suburb slated for substantial growth, ensuring a promising development outlook.
- Ready for Development: Free from flood assessments and vegetation constraints, this land is prepared for immediate development, facilitating a quick project commencement.
- Maximised Land Use: The level terrain guarantees optimal utilisation of the site, suitable for a variety of development plans.

Development Opportunities:
- Residential Projects: Ideally positioned for creating a vibrant residential community, the site is adaptable for everything from high-density apartments to exclusive, low-rise estates.
- Mixed-Use Potential: Capitalise on the opportunity to develop a mixed-use precinct, blending residential units with commercial spaces, catering to the growing local demand.

Infrastructure and Accessibility:
- Essential Services: Direct access to necessary utilities such as water and sewerage services simplifies the development process.
- Strategic Connectivity: The property’s location ensures seamless access to established and developing areas, enhancing integration with major roads, public transport, and community amenities.

Investment Benefits:
- Surging Market Demand: Park Ridge is experiencing a surge in demand for residential and commercial spaces, driven by its strategic location and community-focused development plans.
- Flexible Development Scope: With favourable zoning and no restrictive covenants, the site offers a versatile platform for diverse projects ranging from bespoke community spaces to large-scale mixed-use developments.

The opportunity at 185 Park Ridge Road represents not just a piece of land but a cornerstone for a signature development in a community poised for significant transformation. This is your moment to shape the future of Park Ridge and achieve outstanding investment returns.

Submit Your Offer Easily with GC Prestige:

At GC Prestige, securing your dream property couldn't be simpler. Fill out and sign the form by using following link to make your offer instantly valid. Experience the hassle-free way to purchase with us today.

https://eform.pandadoc.com/?eform=2425d47c-8864-42be-9195-d2efa8beb90c

Disclaimer: All information contained herein, including but not limited to the general property description, images, floor plans, figures, price, and address, has been provided to Oktay Properties PTY LTD trading as GC Prestige, Licence No. 4672161, by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy and/or completeness. The information contained herein should not be relied upon as being true and correct. You should make independent inquiries and seek your own independent advice.

Property History for 185 Park Ridge Rd, Park Ridge, QLD 4125

A timeline of how this property has performed in the market
Last Sold
$3,400,000
14 May 2024
  • 14 May 2024
    Sold for $3,400,000
  • 01 Mar 2024
    Listed for Sale Not Disclosed
  • 12 Mar 2018
    Sold for $1,000,000
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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 6,296 properties. Over the last 5 years, Houses in Park Ridge have seen a 82.74% increase in median value, while Units have seen a 74.31% increase. As at 31 August 2024:

  • The median value for Houses in Park Ridge is $771,149 while the median value for Units is $638,901.
  • Houses have a median rent of $580 while Units have a median rent of $490.
There are currently 77 properties listed for sale, and 31 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 323 properties were sold in the past 12 months in Park ridge.

Suburb Insights for Park Ridge 4125

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.