- 3,144sqm land parcel
- Dual street frontage
- Gross holding income of $88,400 pa
- RD3 Medium Density Residential Zoning
- Minutes to Harbour Town and the Broadwater
- Infill opportunity not to be missed
CBRE is pleased to present 4, 6 & 8 Teresa Easement, 41 Billington Street & 220 Turpin Road, a residential development opportunity within the burgeoning Labrador, Biggera Waters and Runaway Bay corridor.
The subject site is a 3,144sqm development opportunity conveniently located adjacent to Arthur Downes Park in Labrador. The property benefits from a very strategic locality being 100 metres from Brisbane Road, and 500 metres from a variety of local amenity including pharmacy, cafes, dentist, and Labrador Park Shopping Centre. Furthermore, a short five-minute drive provides access to Harbour Town Shopping Centre, Bunnings Warehouse and the Broadwater.
The property is well positioned within Labrador’s medium density, RD3 zoning which affords significant development uplift from the sites current use. All existing dwellings are currently tenanted with last expiry being 5th March 2023.
Labrador and the neighbouring suburbs of Biggera Waters and Runaway Bay continue to attract young families and first home buyers due to its affordability, location and amenity rich surroundings.
(all areas, distances, amounts and outlines are approximate)
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