Name: 177 Charters Towers Road, Hyde Park, QLD, 4812
Address: 177 Charters Towers Road, Hyde Park, QLD, Hyde Park Castletown, QLD, 4812
Telephone: +61 411 296 070

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177 Charters Towers Road, Hyde Park, QLD, 4812

Hyde Park Castletown

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177 Charters Towers Road, Hyde Park, QLD, 4812

Properties / Buy / Queensland / Hyde Park Castletown

Development Approved

1. Property Summary

Property Type

Commercial

Sub Type

Office, Other, Retail/Shopping Centre

Land Area

2,511 m² (*approx)

Selling Method

For Sale: Offers over $1.5M excluding gst

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2. Property Highlights

Primed for Development with Current Development Approval

3 Street Frontages - Excellent Access
Current DA - Drive Thru & Retail/Office
Potential Holding Income - $30k pa plus

This high profile 2,511 m2 development site is positioned on the Charters Towers Road corners of both Kenilworth Avenue and Purves Street.
It's directly opposite Eastbrooke's new Hyde Park Health Hub which is predominantly leased up already.
Existing Development Approval remains current until 6th July 2025 however highly likely it benefits from an additional 1 year free extension due to COVID-19 pandemic grants.
The proposed development includes four retail / office suites plus a separate drive through food and drink building.
Existing improvements include approximately half of the site on the North Eastern side surfaced with high quality aggregate, securely fenced with power and water as well as a 100 m2 office and small workshop / store.
This portion of the site is ideally suited to external display users such as cars, boats, caravans, landscaping, pools etc. It could easily generate strong holding income upwards of $30,000 pa + GST.
More than 27,000 vehicles pass this highly exposed site daily and it is directly surrounded by a population catchment of 45,000.

The vendor is a motivated seller and will consider reasonable offers.

For more information or to arrange an inspection, please contact:

James Pascoe - 0411 296 070
[email protected]

Remember to mention you found this property on DevelopmentReady