3 Watson Street

Rosslea QLD 4812

Development Potential:
The property boasts immense potential for development, offering a range of options to suit various investment strategies. With a current Development Approval (DA) in place, the site allows for the addition of townhouses behind the existing house. This presents an excellent opportunity for immediate work to commence, providing a streamlined development process and the potential for quick returns.

Alternatively, developers may choose to demolish the existing house and take full advantage of the large block size. This opens up the possibility of creating a large-scale of a five-unit dwelling site, catering to the growing demand for high-density housing options in Townsville.
Benefits:

Growing Market: Townsville's future growth prospects make this development site an attractive investment opportunity. With ongoing infrastructure development and a flourishing economy, the demand for quality housing is expected to rise, ensuring a ready market for potential buyers or tenants.
Large Block Size: The generous land size of the property provides ample space for creative design and development options. Developers can explore different configurations, such as spacious townhouses or a multi-unit dwellings, to maximize the site's potential and cater to diverse market preferences.

In summary, this development site in Mundingburra, Townsville, presents an exceptional opportunity for astute investors and developers. With its prime location, existing house, and convenient access to Townsville's best amenities, the property offers a range of options to suit various development strategies. Whether you choose to work with the existing DA or explore a large-scale multi-unit development, this site has the potential to deliver significant returns in line with Townsville's future growth. Don't miss out on this perfect development opportunity in one of Townsville's most sought-after locations.

*Property Description/Write-Up is Copyright of Team Giovanni at Ray White Townsville.
Disclaimer: Ray White Townsville has prepared this information using every endeavour to ensure that the information given is true and accurate but accepts no responsibility or liability in respect of any errors, omissions or inaccuracies that may occur. All prospective purchasers should endeavour to make their own enquiries to verify the accuracy of the information provided.