Offering a unique opportunity to landbank, rebuild or redevelop, this rare 1ha (2.47 acre) site boasts an outstanding position and potential to transform. Primed and ready for revitalisation in an area benefitting from new growth and housing, the expansive land allotment presents a remarkable chance to construct multiple new dwellings like the neighbouring developments and reap the rewards of this burgeoning precinct (STCA). For buyers wishing to utilise the entire block for an exclusive family estate, you can build your ultimate dream house with multiple living and entertaining zones and a recreation retreat featuring a swimming pool, tennis court and horse paddocks (STCA). With the existing three-bedroom house in good living condition, you can landbank the property and live in or rent out and generate income while you make future plans. Property features: - Home on 1ha site with development potential - Sunroom, living room, dining area and functional kitchen - Outdoor entertaining area and a swimming pool - 3 bedrooms with BIRs and a multipurpose room - 1 bathroom, separate toilet and separate laundry - Double carport, 4.8 x 4.3 shed, multiple storage rooms - Landbank, rebuild or redevelop the site (STCA) - Zoned Low-Medium Density Residential In an excellent position only 1.2km from Park Ridge Town Centre, this home offers easy access to shopping, dining and Woolworths. Great schools and childcare are moments away, the local park 'n' ride bus station is 1.5km away, and the property offers direct access to the Mount Lindesay Highway. Situated in a prime corridor in proximity to Brisbane CBD and the Gold Coast, this location provides easy travel options. Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Torres Property will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate.