1,214m² Blue-Chip Development Site | Prime Sandgate Avenue Position The Tuesday Federal Budget has fundamentally reshaped the Australian property landscape. With the removal of tax incentives for established dwellings, the market is already pivoting. Smart capital is moving away from passive investing and into active development—the only remaining path to secure long-term tax advantages and significant capital uplift. For the developer or savvy owner-occupier, this is the "Goldilocks" moment: Strike before the inevitable rush on development-ready land drives prices out of reach. THE OPPORTUNITY: Offered for the first time in decades, this is a tightly held development powerhouse in one of Sandgate’s most coveted avenue positions. Combining immediate holding income with a "ready-to-go" development profile, this site is a rare hedge against a changing market. WHY THIS SITE? WHY NOW? • The Budget Pivot: As investors disregard established stock, competition for "new-build" capable land is set to skyrocket. Secure your footprint now at today’s value. • Unrivalled Scale: A massive 1,214m² parcel with a 19.8-metre frontage—a rarity in this blue-chip bayside pocket. • Clean Slate: Non-heritage listed with a Topline Feasibility already completed, supporting immediate demolition and high-yield redevelopment. • Zoning Advantage: Zoned CR2, providing a clear pathway for three luxury homes or four designer townhouses. CRITICAL FEATURES: • Immediate Cashflow: Currently configured as four self-contained 1-bedroom flats with long-term tenancies. • Holding Income: Approximately $65,000 per annum to offset your holding costs while you finalize your DA. • Flexible Footprint: Unique land configuration allowing for oversized storage, shared outdoor amenities, or a high-end multi-generational estate. THE LIFESTYLE (The Owner-Occupier Edge): Build your architectural dream home on a premier avenue and subdivide the remainder to effectively "gift" yourself the land. You are: • 200m to the iconic Sandgate Waterfront. • 140m to the vibrant Town Centre (Supermarkets, Cafes, Bars). • 550m to Sandgate Station for a seamless CBD commute. THE VERDICT: The data is clear. Supply is at record lows and the new tax environment favours the builder. This is no longer just a "site"; it is a strategic acquisition for those who recognize that the window to secure large-scale bayside land is closing fast. Relevant sales evidence, town planning overview, and contract available upon request.
RealistIQ deal score
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RealistIQ estimate available
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RealistIQ estimate range: $1,142,000 - $2,200,000Wider ranges mean more uncertainty.
RealistIQ estimate$1,671,000
$1,142,000$2,200,000
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