45-49 Cambridge Street, Rocklea QLD 4106

This unique offering at 45-49 Cambridge Street in Rocklea presents a rare dual-site development opportunity, appealing primarily to developers, investors, and renovators looking for versatile investment options or land banking potential. Occupying an expansive combined land area of approximately 2,024 square metres, the two adjoining properties allow for multiple use cases, from holding and renovating the existing homes to potential subdivision and new construction, subject to council approval.

The first property features a traditional lowset brick residence with three bedrooms, two bathrooms, and a generous rear shed of about 7 by 7 metres, situated on a level 1,012 square metre lot. It presents a strong renovation prospect with significant upside. Conversely, the second property is a highset home boasting three bedrooms plus a study and two bathrooms, also occupying a level 1,012 square metre parcel offering excellent scope for value addition.

Combined, the sites offer flexibility unmatched in Rocklea, enabling a buyer to either purchase one or both. Holding both provides the scope for a larger-scale redevelopment, including demolishing existing structures to create up to four allotments around 500 square metres each, or renovating and subdividing to establish a new dwelling and a sizable vacant rear allotment. Alternatively, purchasing individually opens the door to renovating and creating dual-income streams from secondary dwellings or granny flats, servicing a variety of investment strategies.

• Approximately 10 kilometers from Brisbane CBD with convenient access to Ipswich Motorway and major transport routes
• Close proximity to the Rocklea Markets, schools, rail, and shopping facilities ensuring lifestyle convenience
• Both properties were minimally impacted by recent flood events, adding a layer of confidence for buyers

This offering is ideal for those seeking a blend of immediate rental income and long-term capital growth within a precinct poised for sustained infrastructure and population development. It brings multiple pathways to maximise return on investment with layered potential for renovation, subdivision, and redevelopment, providing a compelling proposition in an increasingly scarce market segment.