$3.5 million

An outstanding opportunity to acquire a significant development-ready site with an existing Development Approval for 54 residential apartments. Comprising six titles across a strategic landholding with Ruthven Street frontage and rear access from Gordon Street, this offering is primed for delivery or repositioning.

Originally planned as a social housing project to service the Toowoomba region, this fantastic site would suit a multitude of uses (STCA).

Key Features:
- DA approved for 54 units: 34 x 1-bed, 12 x 2-bed, and 8 x 3-bed apartments
- Low-Medium Density Residential zoning
- 3,238m² total area across 6 contiguous lots
- Rare dual access: main road exposure plus secondary access
- Approval current through to June 2030
- Existing improvements include four cottages and two commercial tenancies
- Potential holding income circa $90,000 p.a. (vacant possession available)

Location Highlights:
- 1.4km to Toowoomba CBD
- 450m to Bunnings, 950m to Northpoint Shopping Centre
- Immediate access to transport corridors and key infrastructure projects
- Surrounded by strong residential demand with vacancy rates below 0.5%
- Strong demand throughout Toowoomba for convenient, close to facilities living

Development Potential:
- Approved for multi-residential but zoning permits a range of alternate uses STCA
- Potential future uses: aged care, short-term accommodation, mixed-use, healthcare, education or childcare
- Detailed plans, landscape intent, and noise assessment already completed - reducing risk and time to market

Investment Considerations:
- Population growth, infrastructure projects, and record-low vacancy rates in Toowoomba support strong end demand
- Located in one of regional Queensland's most tightly held and economically resilient centres
- Substantial planning and design work already completed with TRC

Please contact Chan and Lochie for the full Information Memorandum