10 Matilda Street

Wellington Point QLD 4160

Presented to the market for the first time in a generation, this flat and elevated 1,728m2 corner allotment property offers a rare subdivision or 'land bank' opportunity for the astute purchaser!Lucratively zoned Low Density Residential (LDR) the property has the potential to subdivide into x4 house lots (circa 430m2 per lot) or develop as a Dual Occupancy subdivision into two lots with a duplex on each lot (x4 dwellings in total).*The site is a rare corner allotment in a quiet and leafy street and boasts a wide frontage of approximately 50 metres to Matilda Street and 34.8 metres to Burnett Street. Onsite services are deemed favourable from a development perspective and are serviced by water and sewer, with the existing sewer located along the northern boundary and water located within the front verge of Burnett Street.The site has existing electricity (overhead) and telecommunication connections. As such, all services appear to be available to the site and no Council stormwater pipes traverse through the site.*Positioned on the South-Western corner of the site is the existing two bedroom single storey post-War house which can be retained "as-is" and renovated or demolished and a new home built. The current positioning of the existing house (South-Western corner) allows for the dwelling to be potentially subdivided and kept on its own single lot without being moved.*A preliminary Site Investigation Report prepared by Aspect Town Planning is available on request which provides further information on the development potential of the property.Enviably located in a vibrant and tightly-held Bayside locale, the property is located within close proximity to the train station and the Birkdale Fair shops. Enjoy dining at The Village or spend weekends by the nearby reserve, boat ramp / jetty and the popular Esplanade. Excellent schools including Wellington Point State School, Wellington Point State High, and Redlands College are all within walking or short driving distance.All discussions and subsequent offers with prospective purchasers regarding this unique opportunity will be kept in strict commercial confidence.- Flat and elevated 1,728m2 corner allotment with subdivision potential (x4 house lots or x2 lot duplex)*- Site services (water, sewer and telecommunications) are all deemed favourable for development*- Site Investigation Report from Aspect Town Planning is available on request- Retain and renovate the existing post-War two bedroom house or demolish and build new on one lot*- Leafy and tightly-held Bayside pocket; Close to train station, Birkdale Fair shops and the Esplanade; Wellington Point State Schools and Redlands College*Subject to Council approvalProperty Disclaimer: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.Please note the following when attending our open homes:"The attendee acknowledges that at all times while attending the open home/inspection they do so at their own risk and that the attendee (and other people in the care and control of the attendee) will not hold the owner, agent or any of their employees, contractors or agents liable for any personal injury, death, loss, theft or damage to their personal property, whether caused by the negligence of the owner, agent, their employees, contractors or agents, howsoever caused."