Originally purchased for its development potential, 150 Palmwoods Montville Road is being offered to the market with the auction date set for Friday, 23rd November at 2pm.
Timing and circumstance prevent the current owner from developing the site resulting in it being presented to the market.
10,000m² of Low Density zoning with direct access to mains water and sewer provides significant development potential with various options available to the savvy developer. A dual cross over exists from Palmwoods Montville Road allowing for easy access and the leafy surrounds will provide a desirable housing location should a sub-division be pursued.
Located only 5 minutes from the main street of Palmwoods, and across the road from Palmwoods State School, this classic Queenslander represents unquestionable value and is ideally located on the site to accommodate a subdivision. A total of 2.5 glorious acres of usable land is framed by established trees and gardens while the lower portion of the property has a small man-made dam and fenced paddock backing onto Paynter Creek and the forest beyond.
At the top of the block sits a period Queenslander which was once known as the Palmwoods Art Gallery. Hardwood floors, high ceilings and split block walls are just a few of the home’s features. The house itself showcases supreme versatility as an expansive, character-filled abode or a dual income investment property with a self-contained flat downstairs able to be rented separately.
Stained glass windows, flawless timber floors and grand archways make a grand statement as you enter the home. With two unique bedrooms and massive lounge and family zones, the house has ample space for the whole family or consider the opportunity to create additional bedrooms. The spacious kitchen and sunroom present a perfect place to enjoy those Sunday mornings with the family.
Boasting a gigantic rumpus room and two large bedrooms all serviced by a separate kitchen/dining room and bathroom, this portion of the home is perfectly self-contained and capable of earning an income. Also downstairs is a laundry and carports, both accessible from the outside.
* Information gathered by the owner is available for review and can be provided by request.