17-19 Coral Avenue, Loganholme
Price: By Negotiation
Listing Method: FOR SALE BY NEGOTIATION
Property Type: 2 x Post War Dwelling Houses
Status: Development Potential – Low-Medium Density Residential (LMR), Residential Frame Precinct
Land Size: 4,206sqm (approx.)
4,206sqm LMR Site close to Hyperdome
Michael Giraldo from Giraldo Property is proud to present exclusively to the market this prominently located development opportunity in Loganholme. The amalgamation of two (2) lots are each improved by a dwelling house with potential to generate holding income.
Both lots are offered to the market as an amalgamation or available individually.
Get in touch immediately as a sale is required to finalise this estate, 17-19 Coral Ave is not an opportunity to be missed and will sell.
3 storeys and 12m height limit
Potential for 27 equivalent dwellings based on the allowable maximum net density of 65 equivalent dwellings / hectare (e.g. equivalent dwellings are worked out on a ratio which equates to 27 x 3 or more bedrooms, 38 x two bedrooms or 54 x one bedroom apartments).
Adjoins the Bismark Street neighbourhood centre precinct
Close to public/private schools
29km to Brisbane CBD
Income potential from two existing post war dwellings + granny flat
Stormwater EMT to the north-west of the site providing opportunity for a lawful point of discharge*
This site is comprised of 2 blocks totaling 4,206sqm – both with post war dwellings with a frontage of approx. 50.4m to Coral Avenue. See below breakdown of lot sizes:
17 Coral Ave – 2,104sqm
19 Coral Ave – 2,102sqm
The low medium density residential zoning envisions development for a variety of dwelling types as well as community uses and small-scale services and facilities. Urban consolidation (amalgamation) is encouraged to achieve efficiency for infrastructure and in achieving the density envisioned within the zone.
The following uses are code assessable;
Multiple dwellings (apartments)
Residential care facility
*Get in touch for a town planning breakdown of this opportunity prepared by Bennett + Bennett.
The site is located within the Loganholme local plan area which purpose is stated as to:
a. provide residential densities and uses to achieve housing choice within the local plan area;
b. provide ground floor retail and commercial activities of an appropriate scale to service the needs of the Loganholme local plan area and surrounding areas;
c. support urban consolidation to achieve infrastructure efficiency;
d. provide levels of privacy, safety and amenity reasonably expected in a predominantly residential environment;
e. enhance and develop the identity and distinctive character of the Loganholme local plan area and its precincts.
The site is further located within the Residential frame precinct which has a maximum net density of 65 equivalent dwellings per hectare and a maximum site cover of 65%*.
Backs on to the Bismark Street neighbourhood precinct which includes a pharmacy, medical centre, child care centre, grocery store and other retail offerings.
300m Cornubia Park and Sports Centre
400m to Shailer Park State High School
450m to St. Matthews Catholic Primary School
650m to Shailer Park State Primary School
900m to Cornubia Shopping Centre
1.5km to Hyperdome Shopping Centre
3.0km to Griffith University Logan Campus
3.5km to Meadowbrook Golf Club
Convenient access, close to Bryants Road and Pacific Motorway
Savvy developers / investors are back out in the marketplace and in acquisition mode, don’t miss out on this one! Contact Michael Giraldo to discuss this opportunity and see how Giraldo Property can assist you to realise your potential.
DISCLAIMER: All dimensions and measurements are approximate. All information contained herein is gathered from relevant third-party sources. We cannot guarantee or give any warranty about the information provided. Interested parties must rely solely on their own enquiries.
This property is being sold without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.