The 1.62ha* parcel of land comes with development permits for 32x3-bedroom and 4x4-bedroom townhomes, as well as one four-bedroom house on a separate freehold lot.
 
The development site is being marketed by Ray White Special Projects Queensland Executive Directors Mark Creevey and Tony Williams.
 
Mr Creevey said the approvals that come with land and the quality of proposed stock meant the opportunity would appeal to a diverse range of buyers.

View 378 Manly Road, Manly on Ray White Special Projects Website

“Given the combination of location, product type and the benefit on an approval we anticipate this particular opportunity will be highly sought-after in the current market place, as sites of this nature, especially in the Bayside area, are rare,” he said.

“The development approval provide generously sized townhomes offering quality design, aiming to take advantage of the prime Bayside location.

Pictured: Manly Boat Harbour. Image supplied by Ray White Special Projects Queensland.
 
“The higher quality product has been designed by renowned architects Rothelowman and will appeal to purchasers in the owner-occupier market.”
 
Mr Williams said the Brisbane Bayside location was a big positive and the local area had everything that would appeal to couples and families alike.

“This area, in particular, is very tightly held with strong median house and land values, and enjoys a generally consistent demand for a product such as this,” he said.
 
“The site sits 14km* east of Brisbane CBD, is just 3.2km* to Manly Boat Harbour, is only 2.5km* to Lota train station as well as enjoying proximity to a wide variety of amenities such as shopping, public transport, education and recreational facilities.

“We expect strong enquiry in the site from the traditional townhouse development market, but also southern groups looking to make the move north, where market conditions are more positive.”

Expressions of interest close on Thursday 21 March 2019 at 4 pm. For more information, contact the listing agents via the details below.

*Approximately.

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

This is a sponsored post.

Read more about Ray White Special Projects Queensland on The Real Estate Conversation:

Multi-purpose site at Kenmore Hills available through Ray White Special Projects

Multi-purpose development site in Thornlands for sale

Demand for land subdivision sites in South East Queensland remains buoyant