MDR ZONING | 702M² | 24.5M+ FRONTAGE | DEVELOPMENT UPSIDE
A Genuine Medium Density Residential Development Opportunity
Opportunities to secure a well-positioned residential holding with genuine development potential in the heart of Cleveland are becoming increasingly difficult to find � and 183 Queen Street presents an opportunity worth serious consideration.
Positioned within the Medium Density Residential (MDR) zone, this approximately 701m� allotment offers considerably more potential than the existing home suggests.
The property's generous proportions, with approximately 24.5�24.6 metres of frontage and 28.6 metres of depth, provide a particularly useful footprint for an investor or developer looking to investigate a future medium-density outcome.
Explore the possibilities
The MDR zoning creates an opportunity to investigate a range of residential development concepts, with the obvious options including a pair of townhouses/duplex-style dwellings or a dual occupancy, subject of course to detailed planning, design and Council approval.
Importantly, there are already examples of townhouse and higher-density residential development within the surrounding Cleveland area, demonstrating that the broader locality is accommodating a more diverse range of housing.
For the astute buyer, this opens up several potential strategies:
DEVELOP NOW
Acquire the property, undertake the necessary planning and design investigations and progress an approval for a suitable medium-density residential outcome.
BUY & HOLD
Secure the property today, continue renting the existing dwelling and use the holding period to investigate and potentially obtain the relevant development approvals before deciding when and how to proceed.
APPROVE & SELL
Obtain development approval and potentially sell the property with the planning work completed � creating an opportunity to add value without necessarily undertaking the construction phase.
DEVELOP & RETAIN
For an investor looking at long-term wealth creation, an approved dual-occupancy or townhouse-style development could provide the opportunity to create multiple income-producing assets within a highly sought-after Cleveland location.
Why Cleveland?
Cleveland continues to offer one of the Redlands' most established residential environments, with established infrastructure, local shopping, schools, transport, employment and the wider Moreton Bay/Bayside lifestyle all within easy reach.
The property is also close to established higher-density residential accommodation, including townhouse and apartment communities, reinforcing the changing housing mix within the Cleveland precinct.
Cleveland Central provides a major shopping and services hub nearby, while Cleveland State School and Star of the Sea Catholic Primary School are among the established educational facilities in the area.
The opportunity
This isn't simply a case of buying another Cleveland house.
It's an opportunity to secure land within a Medium Density Residential zoning framework and decide how best to unlock its future potential.
Whether your strategy is to hold and rent, obtain approvals, develop, sell or retain, 183 Queen Street deserves to be investigated by buyers looking beyond the existing dwelling and considering the underlying land value.
Prospective purchasers should undertake their own due diligence and obtain independent planning, legal and development advice to establish the suitability of their intended development.
183 Queen Street, Cleveland � look beyond the house. Consider what the land could become.
Whilst every effort has been made to ensure the information contained in this advertisement is true and accurate, no representation or warranty is given as to its accuracy, reliability, or completeness. Prospective purchasers should make their own enquiries and satisfy themselves as to any aspect of the property or information contained herein. We accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements contained in this advertisement.
Some images used in this advertisement may have been digitally enhanced and/or may include virtual furniture or styling for illustrative purposes. Such images are intended to assist prospective purchasers in visualising the property and may not accurately represent the property's current condition, presentation, fixtures, fittings, or inclusions. Prospective purchasers are encouraged to inspect the property and make their own enquiries regarding its condition and inclusions.