1-47 Betina Street Ayr QLD 4807
- Rural / Farming
- 35.5 ha
- For Sale, $2,800,000
Potential Redevelopment Site
- Possible 350 allotments
- Zoned Residential Low Density
- Holding Income
The property adjoins established residential development on two boundaries. It has frontage to Chippendale, Betina, Joy, Craig and Spiller Streets except for Craig Street, all other streets are formed / sealed carriageways. The property is in a central location being approximately 2.5 km from the Ayr CBD. The Ayr Hospital is approximately 400 metres distant from the subject property. The Lower Burdekin Home for the Aged Society adjoins the property on the south-western boundary and the Ayr Medical Centre is diagonally across the road at 2A Chippendale Street.
The Burdekin Shire Council's Planning Scheme Zone Map (see attached) shows that the subject property is one of about only 3 englobo properties in Ayr adjoining established residential, that are zoned for residential development. The Council has in past years had increasing pressure / demand by adjoining cane farmers to allow rezoning of their property for residential development. The Council to date has resisted the move, preferring to see / encourage development in line with their existing town plan. The Council has in fact in the past approached the owners of the property on offer to see if they would consider developing the property. Some preliminary investigation has indicated that conservatively 350 to 390 eight hundred square metre lots are possible.
The property is currently used for the growing of sugar cane. The owners would be interested in leasing the property back after settlement and continue using the property for sugar cane production until such time as the property may be required for development.
Information Memorandum available.
For further information or to arrange an inspection, please contact Angelo Castorina at Colliers.
|Address||1-47 Betina Street Ayr QLD 4807|
|We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.|
- Commercial loan calculator
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.