161-169 Bush Tucker Road
Berrinba, QLD 4117

Overview

161-169 Bush Tucker Road Berrinba QLD 4117

This exceptional property offers a rare development opportunity with Development Approval (DA) and Building Approval (BA) for 36 townhouses or villas plus an existing 400 square meter house. The land spans approximately 16,250 square meters (1.62 hectares) and is fully approved for a uniform development of 36 houses or units, each designed with 4 bedrooms, 3 bathrooms, and 2 car parking spaces. Most of the dwellings are detached and fit within an average 550 square meter envelope, providing a cost-effective and streamlined building process.

The site includes an overhead easement with a buffer zone corridor measuring 45 meters wide, 200 meters long, and 22 meters high. This easement does not interfere with the development and is a separate entity approved by Powerlink for safety. All infrastructure is specifically located by the council at the most downstream location on the land, eliminating the need for bulk earthworks, cut and fill, demolition, retaining walls, or excavation. The land is elevated compared to neighboring properties, enhancing drainage and site conditions.

The natural vacant land features a gentle 3% slope towards the legal point of discharge for sewer and stormwater. All essential services, including electric, water, and mailboxes, are positioned at the front of each house. The development is not a private or group housing community, and no public open spaces, manager houses, or public structures are permitted, resulting in very low land rates.

The new road within the development has been dedicated to the council, which will maintain its own infrastructure, further reducing costs for developers and future owners. There are no body corporate fees associated with this development, meaning each owner or tenant is responsible for their own vegetation management, lawn mowing, and maintenance. The roads are public, and there is no body corporate governance.

Adjacent to the development is a large 140-hectare public park, the well-known Berrinba Wetland Park, providing extensive recreational opportunities for residents. The development can commence immediately, either in full or staged over six phases, offering flexibility for builders and investors.

Financially, the project presents a compelling opportunity. The average price per villa is estimated at $850,000, totaling $30,600,000 for 36 units. Construction costs are estimated at $400,000 per unit, totaling $14,400,000. Additional costs including land, taxes, and construction are estimated at $9,000,000 combined, leaving a projected gross profit of approximately $7,200,000. The existing 400 square meter house on a 900 square meter block could be sold separately for around $1.4 million, increasing the total potential gross profit to $8,600,000, representing over 25% net profit on total turnover.

This property represents a significant business opportunity for developers and investors seeking a fully approved, cost-effective residential development in a growing area with excellent amenities and infrastructure.

Location