Underwood QLD 4119

Property Details: • Type: House

• Bedrooms: 3 • Bathrooms: 1

Description: Positioned within one of South East Queensland's fastest-growing urban corridors, 21 Bernice Avenue presents a rare opportunity to secure a strategically located site ideal for apartment development in the heart of Underwood. Set on an 809m² allotment with Low-Medium Density Residential (LMR) zoning, the property features a generous 19.8m frontage and 40.3m depth, which offers a strong foundation for a boutique apartment project (STCA). The site is surrounded by emerging medium-density developments, reinforcing its suitability for a well-designed residential apartment complex that capitalises on strong local demand and future growth. Apartment Development Potential (STCA) The site is surrounded by emerging medium-density developments, reinforcing its suitability for a well-designed residential apartment complex that capitalises on strong local demand and future growth. Apartment Development Potential (STCA) - Boutique apartment complex - Strong demand for 1, 2 & 3-bedroom configurations - Proven development activity in the immediate surroundings - Positioned within the Greater Springwood Masterplan growth corridor - Ideal for owner-occupier and investor product mix Existing Improvements The property currently comprises a 3-bedroom, 1-bathroom home with two car spaces, providing holding income while development approvals are pursued. Prime Location & Connectivity - Approx. 19 minutes to Brisbane CBD - 300m walk to major transport hubs - Immediate access to M1 Motorway & Springwood Busway - 10 minutes to Logan Hyperdome - 10 minutes to Westfield Mt Gravatt - 10 minutes to Griffith University - Approx. 20 minutes to Brisbane Airport - Surrounded by schools, retail, and lifestyle amenities - Coffee shop directly across the road Investment Highlights - High-exposure site with excellent street frontage - Located in a high-growth, infrastructure-backed corridor - Increasing demand for quality apartment living in the area - Strong upside potential for developers and investors Contact For further information or to arrange an inspection, please contact: John Lawler 0404 004 899 Disclaimer This advertisement and any associated images are for illustrative purposes only and depict a conceptual apartment development only. The property is currently improved with an existing dwelling. Any future development is subject to council approval (STCA). All dimensions, plans, and development outcomes are indicative only. Buyers should rely on their own enquiries, planning advice, and contract documentation.