698 Underwood Road

698 Underwood Road, Rochedale QLD An exceptional opportunity awaits at one of Brisbane's most premium location. Positioned on approximately 5 acres of prime land, this outstanding property presents a rare chance for developers, investors, aged care providers, and land bankers to secure a significant holding in the heart of Rochedale. With current Development Approval (DA) already in place for 8 residential lots, 17 townhouses, and the existing dwelling, much of the hard work has been completed, allowing purchasers to capitalise on the substantial planning value already achieved. Strategically located in one of Brisbane's fastest-growing and highest-demand suburbs, this site offers outstanding connectivity and future growth potential. The property is only approximately 15 minutes from Brisbane Airport, 20 minutes to Brisbane CBD, and enjoys easy access to major motorways connecting Brisbane, the Gold Coast, and surrounding regions. The area's strong population growth, infrastructure investment, and ongoing residential demand make this a compelling opportunity. Demand for both residential lots and townhouses in Rochedale remains exceptionally strong, with active buyer interest already identified for future projects within the area. Key Features: • Approx. 5 acres (2.02ha) of prime development land • Current DA Approval for: • 8 residential lots - 17 townhouses plus Existing residence retained • Rare development opportunity in a tightly held location Ideal for: • Residential developers • Aged care facilities • Nursing home operators • Land banking investors • Comprehensive development documentation available • Council-approved plans and supporting reports provided • Records of development-related costs and consultant invoices available for due diligence • Close proximity to new Metro infrastructure • Easy access to major arterial roads and motorways • Approximately 30 minutes to the Gold Coast beaches • High-demand residential precinct with strong sales activity The property will be offered via Expressions of Interest, anticipated to commence on 24 June and close at 12:00pm on 10 July. The vendor's preference is for offers with minimal conditions, with no due diligence or finance clauses preferred. Whether you are looking to develop immediately, establish an aged care facility, or secure a strategic landholding in a premium growth corridor, 698 Underwood Road represents an outstanding acquisition opportunity. Contact Rocky today to arrange a private inspection and submit your Expression of Interest. Location: • 10min walk to New Metro Station • Garden City - 10 minutes • Sunnybank - 12 minutes • Logan Hyperdome - 12 minutes • Carindale Shopping Centre - 14 minutes • Logan Hospital - 15 minutes • QEII Jubilee Hospital - 17 miCnutes • PA Hospital - 18 minutes • Brisbane CBD - 20 minutes • Brisbane Airport - 15minutes • Ipswich - 36 minutes • Surfers Paradise - 48 minutes • Maroochydore - 83 minutes • Toowoomba - 92 minutes (Note: Times are approximate) Local shopping: • Coles Rochedale, Springwood and Eight Mile Plains • Woolworths Underwood, Springwood and Eight Mile Plains • BIG W Underwood • Target Springwood • Aldi Underwood and Springwood • Drakes Rochedale Education: • Eight Mile Plains State School (enrolment managed) • Rochedale High School (enrolment managed) • St Peters Catholic Primary School • Redeemer Lutheran College • John Paul College • Six child care centres within five minutes with three new applications pending construction Parks and Community Facilities: • Rochedale Sports Grounds under construction • Underwood Park Sports - Rochedale Rovers Soccer Club, Underwood Park Netball Association, Rochedale Tigers Rugby League Football Club, Rochedale South Cricket Club, Underwood Skate Park • Daisy Hill State Forest and Koala Centre • 32 places of worship within 10 minutes About Two Belles: In 1982 Brian and Jeanette Yore, along with their three children, settled at Two Belles in Rochedale. Over the years they grew strawberries, taro, sweet potato and other small crops. At various times they also had cattle, horses, chickens and ducks on the property. As Rochedale developed many of the old farms became residential housing and Two Belles has finally become available for development. The site has two zonings, NPP-005b: Low density residential at the back and NPP-005c: Low-medium density residential at the front. While the Development Application has been designed with duplex living at the front and larger than average residential blocks at the back, future applications may include changes to the rear zoning, increased density and variations to usage. Disclaimer: All the information provided to you in our marketing material, has been sourced from third parties, and an effort has been made to ensure its accuracy and thoroughness, please note we cannot guarantee the accuracy of the information provided by our Vendors, and as such, Ray White Acacia Ridge makes no statement, representation, or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.