The asset, zoned ‘Low-Density Residential Zone’ under the Brisbane City Plan 2014, has a development permit (ROL) for a six-lot residential subdivision.
 
The site is being jointly marketed by Ray White Special Projects Queensland Executive Directors Mark Creevey and Tony Williams.
 
Mr. Creevey said the approval is already in place, the lot characteristics and its elevated position makes this a great opportunity for potential buyers.

Find out more on Ray White Special Projects website.
 
“The asset holds a development approval for a six-lot subdivision and the allotments include three lots with a land area of 440 sqm and three with 445 sqm, each with a 15-metre* frontage,” Mr. Creevey said.

Pictured: 6 Bundella Street, Aspley. Image supplied by Ray White Special Projects QLD.
 
“The site is also situated in an elevated position in the well-established area of Aspley and offers easterly views for all six of the future lots.
 
“This is a premium north Brisbane suburb with a strong demand for residential housing and will appeal to a number of potential buyers," Mr. Creevey said.

View 6 Bundella Street, Aspley on the Ray White Special Projects website.
 
Mr Williams said the location of the development site and the surrounding amenities add even more draw cards to an already highly attractive proposition.
 
“Land supply in Brisbane’s ‘middle ring’ is limited due to fragmentation and development constraints, so the site is well positioned to supply to a marketplace with a very limited new house and land opportunity,” he said.
 
“Being only 16 km* north of the Brisbane CBD, the 'infill' site is located in close proximity to a vast array of local amenities and services, including shopping both on the doorstep in Aspley and Westfield Chermside, as well as schools, recreation, parks, and public transport," Mr. Williams said.

Expressions of interest close 4pm Thursday 15 November.

*Approximately 

Visit the Ray White Special Projects QLD website to view all properties for sale.

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