Great opportunity; the Logan City Council definitely wants more development in this pocket area of Underwood, across the road from Springwood.
This property is located within the Springwood Master Plan area and its’ value is set to increase as the local council promotes inner city growth to turn Springwood into a major city between Brisbane and the Gold Coast. It is zoned as Medium density, Medium Rise, maximum building height 25m, with a density of 140 dwellings per 10,000m2, that means for this block being of 928m2, so council will allow up to 13 dwellings on this block.
For your information, please understand the term dwelling as per the Logan City Council:
1 apartment of 1bed = 0.5 dwelling
1 apartment of 2bed = 0.7 dwelling
1 apartment of 3beds and more = 1 dwelling.
So for example we could have the following combination:
4 apartments of 1 bedroom = 2 dwellings (4 x 0.5)
14 apartments of 2 bedrooms = 9.8 dwellings (14 x 0.7)
1 penthouse (4 bedrooms) on last level = 1 dwelling
These 19 apartments are the equivalent of just 12.8 dwellings, as authorised by the Logan City Council in this density area. Please call Reg or Merinda Kim for an inspection.
- Large block: 928m2, zoned for medium rise, approximately 19 apartments (25m height maximum)
- Walking distance to Springwood shopping, Springwood Hotel, Busway and schools
- Newly build bicycle track (not completed yet), will bring you safely on your bike to the Brisbane CBD, right from your door steps
- The Logan Library and Aquatic centre are just around the corner
- Direct access to all freeways, to Brisbane CBD or to the Gold Cost, and to Airport terminals and Sunshine Coast via the Gateway motorway
- BIKE TRACK to the Brisbane City under construction, starting from Francesca
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.