Prime Development Opportunity – 5717 m² Block with Subdivision Potential in Underwood

Description

Introducing an exceptional development opportunity at 3095–3097 Logan Road, Underwood. This expansive 5717 m² block, positioned in a high-growth corridor, offers incredible potential for residential development. A recent planning analysis and preliminary subdivision plan have identified the possibility of creating a 10-lot residential subdivision, or maybe higher density options, subject to council approval. These proposed lots, range in size, with a potential dual occupancy lot on the corner, providing flexibility for future growth and investment. Rent out the existing house to cover some of the holding costs.

Located within the Low-Density Residential Zone (Small Lot Precinct) under the Logan City Council's planning scheme, this site is ideally positioned close to essential amenities. Nearby, you'll find Underwood Marketplace Shopping Centre, Springwood Shopping Mall, and quality local schools such as Springwood State High School and Kuraby State School. The area is well-serviced by public transport, providing easy access to job hubs in Brisbane and the surrounding suburbs and only 2.4 km to the M1.

With stormwater, sewer, and water connections available from Cedar Lane and Torville Road, this site is ready for development, making it perfect for builders or investors looking to capitalise on the growing demand for residential housing in the area. The strategic location, with frontage to Logan Road and Cedar Lane, ensures high visibility and excellent access.

Don't miss out on this rare opportunity to create a boutique residential development in one of Brisbane's fastest-growing regions. A preliminary subdivision plan has already been prepared, and the site is ready for a Reconfiguration of a Lot (ROL) application.

Enquire today to explore this lucrative development opportunity in Underwood’s booming property market!