Developers looking for an approved subdivision opportunity in the sought-after suburb of Algester will reap the benefits of this opportunity.

Perfectly placed in one of Queensland's fastest growing suburbs, this supersized 10,820 square metre allotment holds the key to unlocking a potential future fortune, selling agent, Malcolm Li from Queensland Sotheby’s International Realty said.

Located at 100 Delathin Road, the site has DA approval for 17 lots across an elevated setting and represents a rare and remarkable property development opportunity.

The substantial, rectangular property has the advantage of four street frontages which can assist with construction cost savings, by utilising the existing road. The lots are also cleverly configured with length just under 25 metres, with blocks ranging from 304 square metres to 2,450 square metres.

Mr Li told The ASEAN Developer, that potential buyers can harness its hilltop location, with future residences basking in spectacular sunset views.

“Additionally, the new owner could explore options to maximise the further potential on the existing house and land. A lowset home, it offers four bedrooms, three bathrooms, two living areas and a dining room. Other improvements include two sheds, a four-car garage and a swimming pool,” he said.
Algester is a residential pocket that's enjoyed rapid growth in recent years. Located approximately 18km from the Brisbane CBD, median prices have soared almost 35% in the past five years, making this a savvy investment option, according to Mr Li.

“The suburb was heavily developed in the 1970s and has seen considerable development in recent times due to its growing popularity.”

He added that the median time frame on the market is now about 16 days indicative of the strong demand for such properties.

“Limited availability of stock in the immediate precinct has also secured robust growth in the area.”

Mr Li said the property also benefits from the convenience of easy access to all necessary amenities.

“In five minutes, you're on the Motorway, with shopping centres including Sunnybank Hills, Calamvale Central and even your local Bunnings all within a seven minute drive. Schools are plentiful too, with ample private and public education options awaiting in a 5km radius.

Mr Li is marketing the property via Expression of Interest closing at 12:00pm 25th August 2022.

To request a copy of the Information Memorandum please contact the marketing agent Mr Malcolm Li via the contact details below.