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177 Charters Towers Road, Hyde Park, QLD, 4812
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Property Highlights

Primed for Development with Current Development Approval
  • 3 Street Frontages - Excellent Access
  • Current DA - Drive Thru & Retail/Office
  • Potential Holding Income - $30k pa plus
  • This high profile 2,511 m2 development site is positioned on the Charters Towers Road corners of both Kenilworth Avenue and Purves Street.
  • It's directly opposite Eastbrooke's new Hyde Park Health Hub which is predominantly leased up already.
  • Existing Development Approval remains current until 6th July 2025 however highly likely it benefits from an additional 1 year free extension due to COVID-19 pandemic grants.
  • The proposed development includes four retail / office suites plus a separate drive through food and drink building.
  • Existing improvements include approximately half of the site on the North Eastern side surfaced with high quality aggregate, securely fenced with power and water as well as a 100 m2 office and small workshop / store.
  • This portion of the site is ideally suited to external display users such as cars, boats, caravans, landscaping, pools etc. It could easily generate strong holding income upwards of $30,000 pa + GST.
  • More than 27,000 vehicles pass this highly exposed site daily and it is directly surrounded by a population catchment of 45,000.

The vendor is a motivated seller and will consider reasonable offers.

For more information or to arrange an inspection, please contact:

James Pascoe - 0411 296 070
[email protected]

Remember to mention you found this property on DevelopmentReady

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