Outstanding Holding Income with Exceptional Development Upside
CBRE is pleased to exclusively present 35 Goodfellows Road, Kallangur, a high performing investment generating $901,112* of income p.a.
This expansive 4.32-Hectare landholding is strategically positioned within the Moreton Bay Region, an area experiencing significant population growth. Zoned General Residential under the MBRC Planning Scheme, the site supports higher-density residential development complemented by community uses, small-scale services, and local infrastructure. A building height overlay permits development up to 21 metres, enabling a range of medium-rise residential outcomes.
Kallangur is an evolving suburb located approximately 25km north of the Brisbane CBD, known for its affordability and excellent connectivity. The suburb benefits from strong transport links, including Kallangur Train Station and direct access to the Bruce Highway, facilitating seamless travel to Brisbane and the Sunshine Coast. With a population of around 21,761 residents and a median house price of $785,000, the area continues to attract both owner-occupiers and investors.
Investment Highlights:
+Established Income-Producing Asset
Operating as a caravan park, 35 Goodfellows Road provides a reliable and established stream of holding income of $901,112*, offering immediate cash flow for investors while preserving long-term redevelopment flexibility. The asset's scale and configuration allow for potential uplift through active management or repositioning, with zoning and planning parameters supporting a transition to higher-density residential or mixed-use outcomes.
+Flexible Development Outcomes
With its substantial size and favourable planning designations, 35 Goodfellows Road
offers flexible development outcomes suited to a wide range of future uses. The site
has 4.32-hectare area, General Residential zoning (Urban Neighbourhood Precinct),
and overlays supporting building heights up to 21 metres and densities of up to 45
dwellings per hectare.
+Strategic Location with Excellent Connectivity
Positioned in a highly strategic location, 35 Goodfellows Road benefits from direct
access to major arterial roads including Anzac Avenue and the Bruce Highway, offering seamless connectivity to Brisbane CBD, the Sunshine Coast, North Lakes, and
surrounding employment hubs. The site is also within walking distance of a designated Centre Precinct and close to Kallangur Train Station, enhancing its appeal for transit oriented and walkable urban development.
+Significant Landholding in Growth Suburb
Spanning 4.32 hectares, 35 Goodfellows Road represents a rare large-scale landholding positioned in the heart of Kallangur, a rapidly transforming northern Brisbane suburb within the Moreton Bay Region. The local property market continues to demonstrate exceptional growth, with Kallangur's median house price reaching $793,250, reflecting a 12.5% increase over the past 12 months. Meanwhile, unit values have surged by 21.8%, with a current median of $609,000, underscoring the suburb's escalating demand and investor confidence.
35 Goodfellows Road, Kallangur is For Sale via Expressions of Interest closing Thursday 27th of November at 4:00PM (AEST).
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