29 Fowey Street

Sunnybank QLD 4109

Opportunity to Buy:
- 29 Fowey St & 255 Beenleigh Rd. Sunnybank Hills
- Combined land size of 5,181 m2
- DA & BA Approved for 27 Townhouses (Stage 2 & 3)
- Stage one completed and sold for 11 townhouses
- Infrastructure is mostly done
- Demolish and ready to build
- All stage 1 townhouses have been sold giving a better idea to the buyers about feasibility
- $2,000 pw existing rental for holding costs

The project is now moving into its next phases, stages 2 and 3, which will introduce an additional 27 townhomes. Each of these residences is thoughtfully designed with modern living in mind, featuring 4 bedrooms and 2.5 bathrooms. The majority of these homes will offer the convenience of double garages, although some will have single garages, catering to a variety of preferences and needs.

One of the most major advantages of this development is the pre-installed major infrastructure services which came with a significant cost. During the construction of Stage 1, essential utilities such as an MSB for electricity, along with a transformer, were put in place. Additionally, a sophisticated stormwater filtration system was installed beneath the driveway of the first stage. This system is efficiently connected to the main stormwater services, ensuring proper drainage. Essential amenities like the main water feed, high-speed fibre optic internet, and a centralized mailbox system for all 38 townhomes are already established, significantly reducing future installation costs and complexities.

The geographical layout of the property adds further value. The land is relatively flat, simplifying construction efforts and potentially reducing development costs. The location of the development is strategic, lying in close proximity to essential facilities such as transport hubs, shopping centres, schools, and hospitals, which enhances the appeal for potential residents.

The entrance to the development is primarily from Beenleigh Road, but uniquely, construction for stages 2 and 3 can be accessed through Fowey Street.
An important aspect of this development is its flexibility. The balance of the development stands as its own entity, allowing for potential modifications or complete changes to the Development Application (DA), if desired. This feature provides an opportunity to tailor the remaining stages to market demands or evolving design preferences.

In summary, the Sunnybank Townhouse Development offers a blend of thoughtful planning, strategic location, and flexible development options, making it an attractive opportunity for any developer looking to invest in a high-potential area.

Overview of Townhouse Development:

Location:
Sunnybank, with entry from Beenleigh Road and construction access through Fowey Street.

Stages:
Stage 1: Completed with 11 townhomes, all sold.
Remaining Stages (2 and 3): Consist of 27 townhomes, each with 4 bedrooms and 2.5 bathrooms.

Townhouse Features:
Garages: Mix of double and single garages, with a majority being double.
Construction: Slab on ground, tin roof, and lightweight cladding.
Utilities: Major infrastructure services installed during Stage 1, including:
MSB for electricity and transformer.
Stormwater filtration system under the driveway of Stage 1, connected to the main stormwater services.
Main water feed.
High-speed fibre optic internet. fgn
Centralized mailbox for all 38 townhouses.
Service Readiness: Utilities are ready for connection at minimal cost, requiring only a plumber and an electrician for installation apart from the meter.

Property Characteristics:
Terrain: Relatively flat land.
Proximity: Close to transport, shopping centres, schools, hospitals, etc. Community: High demographic of Chinese residents in the area.

Development Potential:
Phases 2 & 3: Spread over two properties.
Reduced Disruption: Construction for these stages can occur via Fowey Street, minimizing impact on Stage 1.
Flexibility: The remainder of the development is on its own entity, allowing for changes in the Development Application (DA) or a complete overhaul of the DA if desired.
Current Status: No construction plans or building approval in place yet, but the process is expected to be straightforward.

Additional Property Information:
29 Fowey St, Sunnybank: Houses a double-storey 5-bedroom home, potential rental income of $1,000 per week.
255 Beenleigh Rd, Sunnybank: Currently rented for $2,000 per week.

Contact Syed @04165 498 295 or Serena @0409 455 287
To register your interest or to book a private inspection.

Disclaimer:
All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.