150-204 Plunkett RoadTamborine QLD 4270
Property Details for 150-204 Plunkett Rd, Tamborine
150-204 Plunkett Rd, Tamborine is a 0 bedroom, 0 bathroom House and was built in 1981. The property has a land size of 167160m2 and floor size of 154m2.
Last Listing description (August 2022)
ATTENTION DEVELOPERS: THIS MAGNIFICENT PROPERTY OF 167,200m2 HAS BEEN ZONED BY THE STATE GOVERNMENT AS "PRIORITY DEVELOPMENT AREA"
In clear, the State Government, more precisely the ECONOMIC DEVELOPMENT QUEENSLAND (EDQ), has declared this area as PRIORITY DEVELOPMENT. No size limit applies, with condition that you prove that the block can accomodate the dwelling. Please do not hesitate to call the EDQ for more information, on (07) 3452 7914, and quote the property number "Lot 1 WD2993".
For this exercise in subdividing this block in smaller lots, we will consider 415m2 blocks, a reasonable size for growing families.
Here it is:
167,200m2 less 50% for creek (waterway), road access etc = 83,600m2
83,600m2 divided by blocks of 415m2 = 201 blocks of 415m2
A reasonable selling price for 415m2 block in this area would be minimum $210,000+GST, so total turnover of this project is 201 x $210,000 = $42,210,000 + GST
Maximum cost of subdivision per block, including of everything, should not exceed $100,000+GST (to be verified by your town planer), that brings total cost for construction of blocks to $20,100,000 for 201 blocks
$42,210,000 less subdivision cost $20,100,000 less $11,000,000 (land) = $11,110,000.
Yes, this is a GROSS PROFIT of $11,110,000.
For a site visit, please do not hesitate to contact Reg or Merinda Kim, respectively on 0412 976 122 and 0437 643 181.
Disclaimer: The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification.
Property History for 150-204 Plunkett Rd, Tamborine, QLD 4270
- 22 Oct 2021Listed for Sale $10,000,000+
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0About Tamborine 4270
The size of Tamborine is approximately 71.2 square kilometres. It has 18 parks covering nearly 28.9% of total area. The population of Tamborine in 2011 was 3,464 people. By 2016 the population was 3,952 showing a population growth of 14.1% in the area during that time. The predominant age group in Tamborine is 40-49 years. Households in Tamborine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tamborine work in a trades occupation. In 2011, 85.5% of the homes in Tamborine were owner-occupied compared with 85.2% in 2016.
Tamborine has 1,623 properties. Over the last 5 years, Houses in Tamborine have seen a 92.17% increase in median value, while Units have seen a 173.42% increase. As at 30 September 2024:
- The median value for Houses in Tamborine is $1,199,447 while the median value for Units is $702,982.
- Houses have a median rent of $845.
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