55 Crossacres Street, Doolandella QLD 4077

An unprecedented opportunity awaits the savvy investor and forward-thinking developer who can see the incredible returns and huge earning potential that comes with acquiring this massive property in Doolandella. Offering 9991sqm of prime real estate, this Flood Free property is genuinely one of the best land bank sites we've come across that is ripe for residential multi-unit development. The scope for suitable designs to maximize your capital return is endless. The expansive land would happily cater to a large-scale townhouse, villa-style complex or house & land subdivision (STCA).

17km from Brisbane, Doolandella has been a rapidly emerging suburb of outer Brisbane in recent years recording 5.91% growth in the property sector in the last 12 months and 6.12% growth in median house prices in last 3 years.

Numerous townhouse complexes and residential estates have been completed in the vicinity, and these have been supported by solid local infrastructure and future council planning. The area is serviced by mains water/sewage, electricity, NBN, and, as the population continues to surge, attracting more mainstream retailers, day care centres and commercial outlets.

The region is well-connected with access to major highways and accessible to Brisbane CBD, via bus services or train (Richlands) and direct motorway links to the Gold Coast, Sunshine Coast and Ipswich. Crossacres Street is a main thoroughfare and has a convenient position that's walking distance to local shops, a few minutes' drive to multiple schools / colleges / childcare and Forest Lake shopping complex.

Land highlights include:
• Massive level 9991sqm block in great position for townhouse community
• Potential long service access into main land will promote a peaceful setting
• Scope for designs to massive - townhouses, units, villas or house & land
• Walk to local services and short drive to schools, shops & retail centres
• Proven sales success for townhouse sites in the immediate surrounds

An existing brick highset sits on the property and presents in good condition, suitable for renting out whilst in the planning and feasibility stage. The home has character features with cathedral timber ceilings and bright open-plan spaces upstairs. Wood-burning stove to lounge that opens to a verandah and functional kitchen facility. It has four bedrooms over the two levels, with one downstairs, a bathroom and a huge rumpus room. There's a handy laundry and garage with storage space.

This sought-after development site will attract big players and we urge all buyers to discuss this opportunity with us in more depth. Call today for a private inspection Jessicca Gerretzen 0484 194 664.

Disclaimer:
This property is advertised for sale without a price and as such, a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Please do not make any assumptions about the sale price of this property based on website price filtering.