Representing an exciting opportunity for the investor, developer or owner occupier to acquire this unique land offering, 481 Waterton Road is situated in one of South-West Brisbane's rapidly expanding regions, 25 km to City CBD. The property is in immediate proximity to Forest Lakes retail and commercial core, public transport and recreational amenities. The property has development potential. It is zoned 'Emerging Community' and located in the development corridor of Ellen Grove with some residential development already commenced next door and along the street. - Site Area: 1.08Ha (10800m2) - Corner block of Bagnall Street and Waterford Road - Freehold Titles - Dual Street Frontage - Numerous Development Options - South-West Brisbane Priority Growth Precinct - Brisbane City Council - Zoned Emerging Community - 5 mins drive to the Forest Lake Village Shopping Centre - Handy to schools, 1.35Km to Grand Avenue State & 2.5Km to Forest Lake State School - Short distance to the beautiful lake with walking tracks and playground - 3min drive to Richlands station and 25min ride to the City CBD - Ellen Grove is in a strategic position at the junction of 3 main highways (Logan, Centenary & Ipswich Motorways) Existing House Featuring: - 4 bedrooms brick and tiles home - 2 baths and plenty of car spaces - Separate laundry - Separate dining and formal dining room - Large double garage workshop shed - Currently tenanted This is a great opportunity for land banking or development. With new house's and subdivided land sites selling in the area fast, don't miss out on this opportunity. For more information, please contact the selling agents Liem Tran 0403085955 All areas are approximate. Interested parties are advised to conduct their own independent due diligence.