2 Penrock Parade, LabradorQLD 4215

Positioned on a commanding elevated corner allotment, this solid brick residence presents an exceptional opportunity for developers, investors and land bankers seeking to capitalise on one of the area's most desirable locations. With its prominent corner position, wide street frontage and elevated outlook, the property offers exciting scope for redevelopment, subdivision or a premium new home project (STCA). Whether you're looking to maximise the site's potential immediately or secure a blue-chip holding for the future, opportunities like this are becoming increasingly rare. The existing home is substantial, well maintained and perfectly liveable, allowing buyers to generate rental income or occupy the property while planning their next move. Featuring generous living spaces, polished timber floors, multiple spacious bedrooms, a functional family kitchen, double lock-up garage and established gardens, the home provides excellent holding value. Enjoy elevated district views and cooling breezes while being positioned within easy reach of local shopping, schools, transport, parks and the Broadwater lifestyle. Property Highlights -Elevated corner allotment with excellent street presence -Outstanding development potential (STCA) -Ideal land bank or investment opportunity -Master bedroom with ensuite -2 queen size guest rooms with built in robes -Ducted air-conditioning throughout -Wide frontage offering flexible design possibilities -Solid brick home providing immediate holding income potential -Spacious family layout with multiple living areas -Polished timber flooring throughout -Functional kitchen with ample storage -Double lock-up garage plus additional storage -Established gardens and generous outdoor space -Solar electricity -Huge basement downstairs (potencial dual living) Convenient location close to schools, shopping, transport and the Broadwater Whether your vision is a luxury new residence, duplex development, boutique project or simply securing a premium parcel of land in a tightly held location, this property offers the flexibility and potential to create something truly special (subject to council approval). Properties with this combination of elevation, corner position and future development potential are rarely offered. Secure the site today and unlock tomorrow's possibilities. DISCLAIMER: We have used our best endeavours to make sure the above information is true and accurate. However, buyers should not rely on this information and are encouraged to make their own enquiries to verify all information. Our agents and agency accept no liability for any errors or omissions. Buyers are encouraged to seek independent legal advice with respect to the property and entering into a contract of sale.