556 Oxley RoadSherwood QLD 4075
Property Details for 556 Oxley Rd, Sherwood
Last Listing description (December 2022)
This is an exciting opportunity presented to the market for the first time in over 10 years, boasting flexibility and development upside on a prime 804sqm corner block.
Located in a high exposure position ideal for a local business, this former service station turned car wash features Development Approval for a new convenience store and an opportunity hard to find within suburban Sherwood. If development upside is your priority then get started straight away.
The previous lease returns for the site in its current configuration (Duckwash car wash) returned over $70,000 per year and could be easily reinstated with minor updates, making this a sure and certain landbank investment.
Zoned LMR, the opportunity also exists to submit a new DA and create a townhouse or unit project close to excellent local amenities (subject to council approval).
Property Overview:
- 804sqm corner block zoned LMR with DA approval for a convenience store
- Former service station turned car wash with previous lease returns of over $70,000 pa
- High exposure position with frontage to Oxley Road and Jerrold Street
- Opportunity to submit a new DA for a townhouse or unit project
- 400m from the Corinda precinct with Coles, cafes and restaurants
- 600m from Sherwood Central with Woolworths and shops
- Walk to schools, childcare, parks, buses and train stations
Presenting plenty of opportunity and development potential, this is a rare opportunity in a standout position.
Property History for 556 Oxley Rd, Sherwood, QLD 4075
- 11 Oct 2022Sold for $1,562,000
- 04 May 2022Listed for Sale $1,500,000
- 24 Apr 2017Listed for Rent $78,000 / year
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About Sherwood 4075
The size of Sherwood is approximately 2.4 square kilometres. There are 5 parks, covering nearly 12.0% of the total area. The population of Sherwood in 2016 was 5313 people. By 2021 the population was 6082 showing a population growth of 14.5% in the area during that time. The predominant age group in Sherwood is 40-49 years. Households in Sherwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sherwood work in a professional occupation.In 2021, 61.00% of the homes in Sherwood were owner-occupied compared with 59.30% in 2016.
Sherwood has 3,139 properties. Over the last 5 years, Houses in Sherwood have seen a 52.38% increase in median value, while Units have seen a 98.22% increase. As at 30 June 2026:
- The median value for Houses in Sherwood is $1,887,590 while the median value for Units is $868,114.
- Houses have a median rent of $783 while Units have a median rent of $620.
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