This outstanding investment opportunity presents a rare chance to acquire 10 subdivided vacant stands, offered as a single package, creating an ideal foundation for a residential development project. Situated in the well-established and highly sought-after suburb of Riversdale, this expansive 10,478 m² property is perfectly suited to developers or investors looking to maximise returns in a growing residential market. With the subdivision already completed, the groundwork has been laid for an efficient development process, requiring only the installation of municipal services before construction can commence. An added advantage is that no dolomite stability testing is required, eliminating a major expense and streamlining planning approvals. The property's strategic location further enhances its appeal, being within just 5 km of the newly developed Riverstone Mall, where future residents will enjoy convenient access to shopping, restaurants, medical facilities, schools, and a wide range of everyday amenities.
Whether your vision is to build modern family homes, create a boutique residential estate, or secure a long-term investment with significant future growth potential, this property offers exceptional value and flexibility. Large development opportunities in established suburbs are becoming increasingly scarce, making this a worthwhile addition to any investment portfolio. Buyers requiring finance should note that financial institutions generally provide bond finance of up to 60% of the purchase price for vacant land, with the remaining 40% payable as a cash deposit, together with the applicable bond registration and transfer costs. Combining a prime location, generous land size, completed subdivision, and simplified development requirements, this remarkable property is perfectly positioned to deliver strong future returns for the discerning investor or developer ready to take advantage of this exceptional opportunity.