The Phone Code for this property is: 23019. Please quote this number when phoning or texting.

Located in a prime position between the University of Southern Qld (3.1km south) and Toowoomba Base Hospital (2km north) - the 2 largest employers in Toowoomba, and 3km to the CBD, this development site comes with DA for 5 x 3-bedroom, ensuite townhouses including 2 car accommodation.

One of Toowoomba's most progressive and sought after real estate locations, Harristown is an exceptional opportunity for prompt commencement of an approved project.

Toowoomba has seen significant house price growth of 22% increase in 2022. The median house price in December 2022 was $461,000 (median time on market 17 days) (Source: Corelogic).

Strong rental demand -0.4% vacancy rate September 2022 with median townhouse rental growth at 25% for year to December 2022 (Source: Residential Tenancies Authority). The median townhouse (3br) rental in December 2022 was $450/week (Source: Residential Tenancies Authority). Toowoomba's population growth 2016 to 2021 was 3.85% (ABS).

Large infrastructure projects scheduled for Toowoomba include Inland Rail (project head office in Toowoomba), Toowoomba Enterprise Hub - InterLinkSQ, Toowoomba Wellcamp Airport, Wellcamp Business Park, Agtech and Logistics Hub. InterLinkSQ is a 24 hectare intermodal freight terminal linking rail, road, air and sea. The project is expected to near $1 billion by its completion in 2025, potentially creating more than 1,500 jobs.

The Boeing Aircraft Assembly facility and Virgin Orbit small satellite launch facility will both be located at Wellcamp Airport.

Toowoomba has a diverse and strong economy, offering a range of business, investment and employment opportunities. The Toowoomba region generated $11.7 billion in Gross Regional Product in 2020/21 and supported an estimated 84,614 jobs.

• Near level vacant site - with new stock availability at low levels, this ready to go site is sure to reward
• Zoned Low-Medium Density
• DA approved for 5 x 3-bedroom ensuite townhouses with 2 carparks each
• Designed to maximise sales opportunity to ensure the project strikes at the highest demand segment of the market
• Significant savings ($44,009) on original infrastructure charges ($88,018) - Council incentive of 40% reduction in charges if project is commenced and paid by 30 June 2024
• New 1.8 metre fence on 3 sides
• Water and sewerage connection points
• Stormwater drainage connections completed
• New concrete driveway completed
• Electricity at front entry
• Walkway through to West Street bus stop only 2 houses north
• DA plans available on request

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.