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16-22 Wilson Road
Buccan, QLD 4207
$2,800,000 Including GREYHOUND Licence (28 Dogs)
Overview
16-22 Wilson Road Buccan QLD 4207
This property offers a unique opportunity for short term land banking with development potential in the near future. Situated on a substantial 20,300 square meter (2.03 hectares) of beautifully flat land, it presents an ideal canvas for future subdivision once council approval is granted.
Included with the land is a rare Greyhound Licence permitting 28 dogs, along with a registered training track verified by the Logan City Council. This licence will be transferred automatically to the new owner, providing a valuable asset for greyhound trainers and enthusiasts.
The land itself is perfectly flat and free from flooding, having been the training ground for many champion greyhounds. Currently, the owner continues to train greyhounds on site but plans to relocate to North Queensland to pursue horse training, another passion. The Greyhound Licence remains with the property, ensuring continuity for future owners.
Development is imminent, with infrastructure such as sewer and town water connections located less than 150 meters away, facilitating future subdivision when permitted by the council. At present, subdivision is not allowed; however, if it were, the land could potentially be divided into approximately 32 lots averaging 400 square meters each. Based on recent sales in the Logan reserve area, each lot could command a minimum price of $500,000, suggesting a hypothetical total turnover of $16 million.
It is important to note that this is a long-term investment, as the timing and approval of subdivision remain uncertain. For those seeking immediate liquidity, this may not be the ideal option.
On the property, there are three houses: two recently constructed buildings serving as the main residence and a secondary attached house, originally for the owner's parents. Additionally, about 20 meters away is the original house with its own driveway, which can be refurbished or demolished to make way for a new dream home. This flexibility allows the new owner to tailor the property to their preferences.
This offering is particularly attractive to greyhound trainers, owners, and horse lovers, combining valuable land with a unique licence and established training facilities. The location and potential for future development make it a compelling investment opportunity.
Location
Buccan QLD 4207
Market Insights for Buccan QLD 4207
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