- Prime location – 5 minutes to CBDathe Strand and airport
- Huge north facing block land 1821m2
- DA approved 8 3-bed room duplex
- Convenient dual street access
- Option to develop in 2 stages – improved cash flow

Calling all experienced and budding developers! This site only 4km from Townsville’s fast-growing CBD has a multitude of options. The huge 1821m2 block of flat land runs North to South with street access at both ends. The substantial three-bedroom dwelling currently occupying the southern end of the block has been rented to a great tenant for several years. The rent is currently $285pw.

The first DA allows for sub-division of the block into two parcels of 900m2 (approx), with the current house sitting on the proposed southern parcel facing Chandler St, and a proposed vacant northern parcel facing Clarke St.

The second DA is for 4 architect-designed townhouses on each parcel of land. Each development parcel is approved for three 3-bedroom / 2.5 bathroom residences and a two bedroom plus multi-purpose room / 2.5 bathroom residence. All have lock-up garages and there are an additional three visitor car-parks for the 4 units.

This is a great opportunity to embark on a staged development, with holding income from the existing house while the northern parcel is developed. Or complete the sub-division and on-sell either parcel to help fund development of the other. Or land bank and build a portfolio to provide a retirement income in the coming years. The options are almost limitless.

Only minutes from the Airport, CBD and the Strand, the future development is assured of strong demand from both tenants and owner-occupiers seeking low maintenance homes in a convenient location.