About the Project:
The project holds Development Approval (DA) for eight residential blocks of land, each ranging from 365 sqm to 385 sqm, featuring 15.6-meter frontages. Spanning a total area of 3,003 sqm, this prime development site is situated in the heart of Waterford. Operational works have been approved, and a significant portion of the civil works has already been completed. We are currently seeking a qualified developer to finalize the project, enabling them to capitalize on the substantial rewards this opportunity presents.
Demand for Product:
The demand for blocks of land in Waterford is soaring - Logan City is recognised as the fastest-growing Local Government Area in Queensland. With the population projected to reach an impressive 553,000 by 2041, the region faces significant challenges in supplying enough land to accommodate the increasing housing needs. Recent off the plan contracts on these blocks demonstrate this unprecedented demand; they were listed for sale pending planning approval and went under contract above market value within 24 hours, without any conditions. This remarkable response highlights the urgency and competitive nature of the market
About the Location:
Waterford, a thriving suburb of Logan City, presents an exceptional opportunity for residential development. Strategically located between Brisbane and the Gold Coast, it is an attractive destination for families and investors alike, thanks to its vibrant community and quality housing options.
The suburb has seen significant growth, fueled by the expansion of anchor estates and commercial hubs, including Holmview Central and Bethania Shopping Centre. Residents benefit from convenient access to key amenities, with Logan Hospital, Logan TAFE, Holmview Train Station, Beenleigh CBD, and motorway access all within 5-10 minutes.
Waterford offers a unique opportunity for buyers seeking to build their forever home in a central location surrounded by quality residences, a strong community presence, and excellent supporting infrastructure. Additionally, investors are drawn to the historical capital growth in the area, alongside attractive rental yields and accessibility to essential amenities. With lifestyle features such as lush parklands and sporting fields, coupled with the prestigious Canterbury College located directly across from the proposed subdivision, Waterford is poised for continued growth and offers an ideal setting for residential development.
*This property is being sold by Expressions of Interest to be submitted by close of business 24th October 2024, therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes
Disclaimer: The information provided herein has been prepared to the best of our ability and is intended for general guidance only. While we strive for accuracy, we make no representations or warranties regarding the completeness or reliability of the information. Recipients are strongly encouraged to conduct their own due diligence and seek independent advice before making any decisions based on this information.
