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Overview
Rare Rochedale Development Opportunity | Approx. 5 Acres with DA Approval
Located at 698 Underwood Road in Rochedale, Queensland, this property offers a rare and exceptional development opportunity on approximately 5 acres (2.02 hectares) of prime land. This site is ideal for developers, investors, aged care providers, and land banking investors seeking a significant holding in one of Brisbane's most sought-after and rapidly growing suburbs.
The property benefits from current Development Approval (DA) for 8 residential lots, 17 townhouses, and retention of the existing dwelling, providing purchasers with substantial planning value and reducing the initial development workload. This approval facilitates a streamlined development process for those looking to capitalize on the area's growth.
Strategically positioned, the site offers excellent connectivity and access to key locations. It is approximately 15 minutes from Brisbane Airport, 20 minutes to Brisbane CBD, and enjoys convenient access to major motorways linking Brisbane with the Gold Coast and surrounding regions. This accessibility enhances the property's appeal for future residents and investors alike.
The Rochedale area is experiencing strong population growth, significant infrastructure investment, and sustained residential demand. This creates a compelling environment for development, with active buyer interest already evident for residential lots and townhouse projects within the suburb.
Key Features:
- Approximately 5 acres (2.02 hectares) of prime development land
- Current Development Approval for 8 residential lots and 17 townhouses, with the existing residence retained
- Rare development opportunity in a tightly held and premium location
Ideal for:
- Residential developers seeking a ready-to-go project
- Aged care facilities and nursing home operators looking for strategic sites
- Land banking investors aiming to secure valuable land in a growth corridor
- Buyers requiring comprehensive development documentation, including council-approved plans and supporting reports
- Those seeking proximity to new Metro infrastructure and major arterial roads
- Investors attracted by a high-demand residential precinct with strong sales activity
The property will be offered via Expressions of Interest, commencing on 24 June and closing at 12:00pm on 10 July. The vendor prefers offers with minimal conditions, ideally without due diligence or finance clauses, to facilitate a smooth transaction.
This opportunity suits buyers looking to develop immediately, establish aged care facilities, or secure a strategic landholding within a premium growth corridor. 698 Underwood Road represents a significant acquisition prospect in a thriving and well-connected suburb.
Location Highlights:
- 10-minute walk to the new Metro Station
- 10 minutes to Garden City shopping centre
- 12 minutes to Sunnybank and Logan Hyperdome
- 14 minutes to Carindale Shopping Centre
- 15 minutes to Logan Hospital and Brisbane Airport
- 17 minutes to QEII Jubilee Hospital
- 18 minutes to PA Hospital
- 20 minutes to Brisbane CBD
- 36 minutes to Ipswich
- 48 minutes to Surfers Paradise
- 83 minutes to Maroochydore
- 92 minutes to Toowoomba
Local Amenities:
- Coles supermarkets in Rochedale, Springwood, and Eight Mile Plains
- Woolworths in Underwood, Springwood, and Eight Mile Plains
- BIG W and Aldi in Underwood and Springwood
- Target in Springwood
- Drakes supermarket in Rochedale
Education Facilities:
- Eight Mile Plains State School (enrolment managed)
- Rochedale High School (enrolment managed)
- St Peters Catholic Primary School
- Redeemer Lutheran College
- John Paul College
- Six childcare centres within five minutes, with three new applications pending construction
Parks and Community Facilities:
- Rochedale Sports Grounds currently under construction
- Underwood Park Sports facilities including soccer, netball, rugby league, cricket clubs, and a skate park
- Daisy Hill State Forest and Koala Centre
- 32 places of worship within 10 minutes
Historical Context:
The property, known as Two Belles, has a rich history dating back to 1982 when it was settled by a family who cultivated various crops and kept livestock. As Rochedale developed, many farms transitioned to residential housing, and this site has now become available for development. The land features two zoning classifications: low density residential at the rear and low-medium density residential at the front. The current Development Application includes duplex living at the front and larger residential blocks at the rear, with potential for future zoning changes and increased density.
Disclaimer:
All information provided has been sourced from third parties and efforts have been made to ensure accuracy. However, accuracy cannot be guaranteed, and interested parties should conduct their own due diligence. Photographs, maps, and images are representative and for marketing purposes only.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Rochedale QLD 4123
Market Insights for Rochedale QLD 4123
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
