There are 2 x 29 unit development sites that are perfectly located on house sites next to each other One site lies across 14 and 16 Railway Parade Caboolture. The other site lies across 18 and 20 Railway Parade Caboolture.
The sites are very close to major infrastructure and in an area that is expected to grow by 39% in the next 20 years.
The site is approximately;
200 metres to the Caboolture train station
500 metres to the Caboolture City Business District
200 metres to School and Day Care centre
800 metres to Caboolture Hospital
The total land area is 3204m2 (Four x roughly 800m2 lots). The precinct is highlighted in both the Moreton Council Planning Area and State Urban Plan as being situated in a (residential B) High Density, Transport Corridor precinct.
The Project Plan
The development approval is for two separate developments of 29 units 58 units in total. Each development contains 2 x one bedroom units, 21 x two bedroom and 6 x three bedroom units, on roughly 1600m2 of land. The units are very roomy, with ensuites and good balconies. The design and excellent location to major facilities makes the units very marketable.
All engineering and development application documents are available for viewing on the Moreton Bay Regional Council (PD Online) website.
There are no issues to limit or restrict the developments. The sites are level, there are no overland water issues, underground issues, or limiting engineering requirements.
Currently there are 4 houses in reasonable condition. All properties are rented. Three of the four tenants have been there for numerous years. Total Income from the four houses is currently nearly $55,000 per year.
*2 Stages of 29 unit development sites *500 metres to the Caboolture CBD*800 metres to Caboolture Hospital*200 metres to the train station