38 Booth Street, Queanbeyan East NSW 2620

This property presents a rare development opportunity comprising two adjoining houses located at 36 and 38 Booth Street, Queanbeyan East, NSW, with a substantial combined land size of approximately 1,315 square metres. This investment includes Development Approval (DA) for the construction of four architecturally designed townhouses, offering a low-risk and ready-to-progress project for developers or investors.

The approval covers four spacious residences designed to satisfy high market demand for premium yet low-maintenance homes. Each townhouse layout includes formal and open-plan living areas, island kitchens equipped with walk-in pantries, conveniently placed downstairs powder rooms, covered alfresco outdoor spaces, and double garages featuring internal access for residents' convenience.

The upper floors offer three townhouses with four bedrooms and one townhouse with three bedrooms. Each property boasts a generously sized main bedroom suite incorporating a walk-in wardrobe and ensuite bathroom. An additional highlight is one townhouse featuring a private balcony off a secondary bedroom, enhancing the design appeal and living experience.

The configuration of the site optimizes frontage and building efficiency, ensuring a practical construction footprint which supports strong re-sale potential. Furthermore, the existing houses currently generate holding income through month-to-month tenancies at approximately $600 per week each, providing positive cash flow while finalizing development arrangements.

Located close to local shopping, reputable schools, and public transport links, the completed development is expected to attract both owner-occupiers and investors, positioning it well for significant end-value growth.

Key Investment Highlights:

• Combined landholding of 1,315 square metres comprising two adjacent titles.
• Secured Development Approval for four architecturally designed townhouses.
• Reduced planning risk with project primed for advancement.
• Efficient site layout to maximize frontage and build yield.
• Three townhouses with four bedrooms and one with three bedrooms.
• Double garages with internal access to all residences.
• Current positive income from existing month-to-month tenancies.
• Prime location offering strong lifestyle and resale appeal.
• Exceptional opportunity suited for boutique development projects.

This opportunity is suitable for developers seeking a manageable and highly marketable residential development in a highly sought-after area, ensuring both lifestyle quality and strong investment returns.

Disclaimer: All information provided is for general informational purposes only and does not constitute professional advice. Accuracy and completeness cannot be guaranteed. Prospective purchasers should conduct their own due diligence and consult relevant experts prior to relying on this information.