930-960 Norman Road, Parkhurst, for sale through Knight Frank Rockhampton
A potential residential subdivision has presented itself in a North Rockhampton suburb with more than 33 acres of land hitting the market, attracting strong interest from local and interstate developers. Here’s what we know.
Property
Don't miss out on the headlines from Property. Followed categories will be added to My News.
A potential residential subdivision has presented itself in a North Rockhampton suburb with more than 33 acres of land hitting the market, attracting strong interest from local and interstate developers.
The property at 930-960 Norman Road, Parkhurst, has been listed for sale through Knight Frank Rockhampton.
The 33.26 acre englobo land parcel has the potential to be developed into about 100 residential allotments.
Head of Knight Frank Rockhampton Pat O’Driscoll said there was strong interest in the land from developers in Central Queensland and South East Queensland, as well as Sydney.
“It is well located with easy access to good amenities such as shopping centres, medical centres and schools and a quick run to the coast for those who like the beach,” Mr O’Driscoll said.
“The location of the site is very attractive.”
The land has frontage to both Norman Road and McMillan Avenue.
“The land is slightly undulating so development opportunity is strong because it has not got constraints compared to steep land,” Mr O’Driscoll said.
“It is attractive to buyers, developers and builders.
“The demand for residential land in Rockhampton is increasing because of the influx of new projects, bringing more people to the city.
“The supply is currently limited.”
The land also includes a lowset brick house with three bedrooms, one bathroom, a two bay shed and carport.
The current tenants pay $350 per week on a one-year lease to February 16, 2023.
The land last sold in 2008 for $3.975 million.
Mr O’Driscoll said the land was originally going to be put forth as a retirement village.
“There was a change of management in the company that bought it,” he said.
“It is now surplus to their needs and on the market.”
The land is listed for sale by tender, which closes on September 2 at midday.
Cheers to that! Exciting new business brewing for Yeppoon’s CBD
The development of new hotel/micro-brewery in Yeppoon’s thriving entertainment precinct gets the green light despite one councillor’s problem with potential parking issues.
Historic-home owners battle to demolish 160-year-old house
The fate of one of Central Queensland’s grandest old homes is set to be decided in court as the owners appeal a council decision to refuse their application to demolish it.