Golden Opportunity Alert: Dive into Park Ridge South's Premier Development Jewel
Executive Summary:
Step into a realm of unmatched potential with an elite development site nestled in the bustling heart of Park Ridge South. This vast expanse, covering an impressive 35.1 hectares, represents a harmonious amalgamation of eight unique properties, providing an expansive canvas for visionary developers and savvy investors.
Property Overview:
Location: Park Ridge South
Total Area: Approximately 35.1 hectares
Properties Involved: A seamless union of eight individual parcels
Zoning: Defined as an 'Emerging Community,' with a strategic vision for low-density residential development.
Development Potential:
Beyond its sheer size, the site's advantageous zoning paves the way for substantial subdivision opportunities. Preliminary projections hint at an astounding 350 to 510 potential lots, encompassing townhouse configurations, pending necessary Development Approvals (DA).
Location Insights:
Park Ridge South effortlessly melds contemporary amenities with tranquil living. Distinctive features include:
- Connectivity: Swift connections to pivotal highways and efficient public transport.
- Amenities: A stone's throw from premier shopping hubs, esteemed educational institutions, lush parks, and diverse recreational avenues.
- Community Evolution: Witnessing a surge in both population and infrastructural enhancements, positioning it as a region on the rise.
Financial Overview:
The property, while promising comprehensive development horizons, is competitively priced, averaging approximately $1 million per hectare. Given the area's trajectory and demand, the potential ROI is immensely promising.
Next Steps & Acquisition Process:
Prospective acquirers are encouraged to:
- Immerse themselves in the locale through guided site tours.
- Delve deep into pertinent zoning, environmental, and property dossiers.
- Initiate exploratory dialogues to ascertain acquisition stipulations, inclusive of flexible 1- to 3-year settlement windows.
In Summary:
The Park Ridge South Development isn't merely a property; it's a dream poised for embodiment, an untouched canvas yearning for pioneering strokes. This is where legacy projects take root. Seize the moment and sculpt the future.
The size of Park Ridge South is approximately 9.1 square kilometres. It has 6 parks covering nearly 9.6% of total area. The population of Park Ridge South in 2011 was 1,779 people. By 2016 the population was 1,765 showing a population decline of 0.8% in the area during that time. The predominant age group in Park Ridge South is 50-59 years. Households in Park Ridge South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Park Ridge South work in a trades occupation. In 2011, 87.2% of the homes in Park Ridge South were owner-occupied compared with 84.1% in 2016.
Park Ridge South has 592 properties. Over the last 5 years, Houses in Park Ridge South have seen a 94.97% increase in median value. As at 30 September 2024:
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