Development opportunity to build multiple dwellings on this property.
Demand for homes in Rockhampton has been increasing over the past few years and with expected population to continue to grow for the next 15 years. Holding land in Central Berserker is a valuable asset.
The plans are drawn and the retaining walls prepared to start in the coming months. This property will have signifcant value for the astute property developer looking for an opportuinty to capitalise on the current property market.
Berserker has seen significant growth over the past three years with some properties nearly doubling in value in the area and the demand for housing (rentals) still below 1% it seems that a residential development would be a good option for this block.
5,595 sqm of land and an expected 4,500sqm to be flood free after the development works. It has a lot of potential options for a developer to maximise their return.
Corner block with two street access from Dean St and Bedford gives it some versatility in how it can be used.
Owner has planned retaining wall and works to start in January 2025. This is an option for a developer looking to build or subdivide usuable land in the Berserker area.
For more information on this property and to get drawings and design work that has been completed. Please reach out to Nathan on 0429 223 183.