Excellent sub-division potential in Kingaroy.
This property forms a significant holdings within the Golf links area and is located only 8 km to the South West of the major regional centre of Kingaroy.
The subject property comprised of approximately 85 ha and having a “Development Application Division Notice” for re-configuring a lot to Rural Residential sub-division. Current plans show 36 × 5 acre lots.
The allotment is gently sloping forest country with some re-growth. There is no structural improvements on the block. A good standing of trees makes the property attractive for country lifestyle living.
The land has frontage along the Northern Boundary to Kingaroy Burrandowan Road and the Western Boundary to Boonenne Ellesmere Road. Both the these roads are sealed.
Surrounding development within in the area is mostly 5 acre blocks with residential homes or larger grazing properties.
5 acre lots of this nature are in high demand and good re-sale could be expected.
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|R&H Suburb Summary||Houses|
|Number of sales||373|
|Median Rental Price||$320 p.w.|
|Change in Rental Rate (5yr)||8 %|
|R&H Suburb Summary||Units|
|Number of sales||36|
|Median Rental Price||$230 p.w.|
|Change in Rental Rate (5yr)||10 %|