Ray White Special Projects has listed a 27ha parcel of land for $3.375 million that has great exposure and would suit a variety of uses.
Approved for a manufactured home park, the 27ha land site on the market through Ray White Special Projects, could also be suitable for residential, industrial and commercial uses.
It is priced at at $3,375,000 plus GST and is located at Saltwater Creek Road, Maryborough.
The substantial land parcel area is predominately cleared and level with great exposure.
The site is being marketed and sold by Ray White Special Projects Queensland Associate Director, Andrew Burke.
Mr Burke said Maryborough was becoming a sought-after area for developers and this opportunity comes hot-on-the-heels of a recent site sale of $1,700,000 in the area.
Saltwater Creek Road, Maryborough site. Photo: Ray White Special Projects
View Saltwater Creek Rd, Maryborough on the Ray White Special Projects website.
"There’s definitely money to be made in regional centres by land-banking as strong medium to long-term investment opportunities,” said Mr Burke.
“Relative to the size of the land parcel, it’s not a lot of money to buy these assets that have a massive upside.
“A minor uptick in the local economy can substantially increase the sale price per lot, which represents a sizeable percentage return on a developer’s investment.
“This particular property is a five-minute drive north of the Maryborough town centre on the main road linking Maryborough and Hervey Bay.
“The site is approved for a manufactured home park that includes 270 lots plus commercial and recreational areas.
Mr Burke said it is zoned Emerging Community/Mixed-Use for residential, industrial and commercial and forms six existing titles on the site with the potential to increase the DA up to around 345 lots, subject to council approval.
“Maryborough forms one of Queensland's most heritage-rich regional townships, with a rich military history and provides excellent access to some of Queensland’s most prestigious tourism destinations including The Great Sandy Strait and the Fraser Coast Hinterland," said Mr Burke.
“The estate is located only a short car trip to the major regional township of Hervey Bay, a renowned tourist destination and growing residential centre on the Fraser Coast, just 30 minutes from Maryborough.”
Visit the Ray White Special Projects website to view all the properties for sale.
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