Development Site / Land Bank Opportunity: 30-32 Queen St, Caboolture

Welcome to an exceptional investment opportunity at 30-32 Queen St, Caboolture. This expansive property offers a total block size of 810 square metres, strategically positioned across two lots ( on one title ), making subdivision relatively easy and affordable. With its favourable zoning and council preferences, this site is primed for significant development potential.

Key Features:
Block Size: 810 square metres in total.
Titles: Two lots on one title, facilitating easy and cost-effective subdivision.
Zoning: “Urban Neighbourhood” zoning, offering versatile development possibilities.
Height Restriction: Maximum height limit of 21 metres, providing ample scope for vertical expansion.
Council Preferences: Medium to high-density dwellings preferred, with potential for commercial development.

Investment Potential

Caboolture is a rapidly growing area with increasing demand for residential and commercial properties. The “Urban Neighbourhood” zoning allows for a variety of uses, including mixed-use developments, residential apartments, or commercial enterprises. The council’s preference for medium to high-density dwellings further enhances the site’s appeal, offering developers the opportunity to maximize the land’s potential. The maximum height restriction of 21 metres allows for the construction of multi-story buildings, optimizing the return on investment.

Urban Neighbourhood Zoning in Moreton Bay

The “Urban Neighbourhood” zoning in Moreton Bay is designed to support a range of housing types and densities, encouraging vibrant, walkable communities with a mix of residential, commercial, and recreational uses. Key elements of this zoning include:
Diverse Housing Options: Supports a mix of housing types, including apartments, townhouses, and detached homes, catering to various demographics and promoting affordable housing.

Mixed-Use Development: Encourages the integration of residential, retail, and commercial uses, fostering lively neighbourhoods with amenities within walking distance.
Higher Density: Promotes higher density developments to optimize land use and support public transport, reducing reliance on cars.

Public Spaces: Emphasizes the creation of public spaces and green areas to enhance community well-being and environmental sustainability.

Connectivity: Focuses on enhancing connectivity through well-designed streetscapes, pedestrian pathways, and cycling routes, promoting active transportation.

This zoning framework aligns with the Moreton Bay Regional Council’s vision for sustainable urban growth, making properties like 30-32 Queen St highly attractive for development.

Current Tenancy

Please note that the images being used are to respect the privacy of the current tenant and where taken before prior to the current lease ( May this year) the property IS NOT VACANT and is currently tenanted until November 21, 2024, at a rate of $550 per week. This provides a steady income stream while you plan your development project. There is also an opportunity to amend or adjust the rental figure from May 22, 2025, allowing for potential increased revenue.

First-Time Buyer Opportunity

For first-time buyers looking to invest in the future, this property offers a unique opportunity. Purchase your first home, live in it, and bank the land for future development. This means your second purchase could allow you to split this block, selling one portion or retaining it as an investment. The property itself features three bedrooms, one bathroom, and one parking space. Recently renovated, it is an ideal home for a young family or first-time buyer. With the lease ending in less than six months, first home buyers will still be eligible for any grants or concessions they are entitled to.

Location Benefits

Located in a prime area, 30-32 Queen St offers convenience and accessibility. The property is close to essential amenities, including schools, shopping centres, public transport, and recreational facilities. Caboolture is known for its strong community feel and robust infrastructure, making it a desirable location for residents and businesses alike.

Disclaimer

While every effort has been made to provide the most up-to-date and accurate information, we highly recommend that you check with all local councils regarding any development or subdivision options that you may be considering prior to purchase.

Viewing Information

Appointments to view this property will be by private inspection only at this time.

Whether you are looking to develop immediately or land bank for future gains, this property presents a rare and valuable opportunity. The ease of subdivision, favourable zoning, and council preferences make 30-32 Queen St, Caboolture a standout investment in the current market. Don’t miss your chance to secure this prime development site and capitalize on Caboolture’s growth and potential.