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Huge approved development site in sought-after Qld locale

DEVELOPERS and land bankers have an exceptional opportunity to acquire a development site in one of Queensland’s fastest growing towns at 173 Woolmer Road near Toowoomba.

The property, that offers a huge 41.42ha* site, is one of the largest parcels of land with a development approval (DA) currently available for sale in the Highfields area.

The asset is being marketed and sold by Ray White Commercial Gold Coast Sales Specialist Michael Willems and Ray White Toowoomba Range and Highfields Principal Tony Franke.

Mr Willems said the premium land holding was in an elevated and prestigious residential area close to Toowoomba City and key local amenities.

“There are two lots available here with option one offering 17.88ha* with DA for 85 lots at an average of 1,000sq m* per block – with the potential for smaller blocks for yield increase,” he said.

“Option two offers 21.67ha* of bare land (adjacent to land in option one) available for future subdivision with potential to yield an additional 100-200 housing lots, subject to council approval.

“Option three is the crown jewel option and gives you both lots comprising a total of 41.42ha* for current development and a substantial land bank.”

Mr Franke said the site had efficient and effective access to and from the site, with primary frontage to Woolmer Road, and easy access to Toowoomba City and Wellcamp Airport.

“The site is perfectly positioned with close proximity to existing tourist and commercial business precincts and population heartlands,” Mr Franke said.

“The site boasts a centralized location close to the emerging Highfields Town Centre and is well-placed to take advantage of the unprecedented growth in the region.

“Approved commercial developments within the region include child care centres, shopping centre expansions, Highfields Sports Park redevelopment and the expansion of Borneo Barracks.”

Expressions of interest close on Thursday 26 March 2020 at 4pm (AEST).

*Approximately.

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