A residential subdivision with approval for 130 lots and its neighbouring commercial site in regional Queensland are due to go under the hammer soon.
Marketing agent Harvey Huang of Yong Real Estate said the sites were “arguably one of the most affordable development opportunities in south-east Queensland per lot”.
The sites can be purchased together in one line or separately.
The residential site at 1 Goran Place, Warwick is a major residential subdivision with DA approval for 130 residential lots with an average lot size of 826 square metres.
“The site presents multiple benefits to create a rare opportunity,” Huang said.
“The 800sq m plus lots are code assessable for dual occupancy detached houses, which will further enhance its yield tremendously.
“Lots smaller than 800sq m will also be impact assessable for dual occupancy detached houses.
“Headworks charges are also discounted to $8300 per lot, almost a third of the usual charge per lot for a new developments.
“The current approval also will not expire due to being part of a multi-stage DA approval.”
Huang said there had been a major shortage in supply with a residential vacancy rate of only 0.1 per cent, according to SQM Research, December 2021), so there was a strong demand for more housing and plenty of opportunities.
“As a major regional city, population growth in Warwick has been strong and will continue to be strong especially with the Covid-19-inspired regional shift,” he said.
There are also major employment opportunities with the Macintyre Wind Farm to the west due to provide up to 640 jobs during the transmission line construction.
“The operational works plan has been completed and just needs lodging, all services and infrastructure are ready to be connected with no external works required and the new proposed inland railway is nearby,” Huang said.
The commercial site at 1-7 St George Street, Warwick is a 1.37ha large and flat commercial site with bulk earthworks completed.
“This is a commercial site with maximum exposure suitable for a variety of different uses— 248.7sq m dual frontage corner site with a lapsed DA for tavern, childcare centre, fast food restaurant and retail with 153 car spaces & NLA of 3224 square metres,” Huang said.
“The town is ready for a new tavern and the area also has further need for motel accommodation, so the site and the market here have plenty of opportunities."
Both sites are just two minutes from the Warwick CBD with such amenities as Woolworths, Coles, Bunnings, shopping centres, Big W, Kmart, public transport and schools.
Easy access to the Cunningham Highway provides a direct link to Ipswich, Brisbane and the Gold Coast.
The auction will be conducted at Yong Real Estate’s boardroom in Sunnybank Hills by former Brisbane Lord Mayor Graham Quirk.
Video presentations of the residential site and the commercial site are available.
For more information, contact Harvey Huang.
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