A large rural land parcel in the coastal Queensland town of Bargara spanning 49.6 hectares is up for sale. The site has recently been covered by a masterplan for its redevelopment and will play a big part in the next phase of the town’s expansion.
The property which is located at 630 Bargara Road in Bargara, east of Bundaberg, is being offered for sale via Expression of Interest campaign closing 5 May 2016. It is marketed by Philip O’Dwyer and Guy Stafford from Colliers International in conjunction with Greg Felgate of PRD Nationwide.
Mr O’Dwyer said the allowable uses for the site include Low and Medium Density Residential and Service station/Service Industry.
“The project development in the region is focused on increasing residential supply through building and subdivided land, with the town experiencing increased demand for rental properties and a higher median price than Bundaberg regional area.
“With the region growing in size and population, we foresee the demand growing for retirement living, range of residential options as well as a commercial precinct to service the town.
“Regional areas have typically lagged behind the growth of the state capitals so there is an opportunity for a developer to purchase early in the cycle,” Mr O’Dwyer said.
The property has a three street frontage to Bargara Road, Hughes Road and Seaview Road, is largely cleared and gently undulating. It is improved with a two level house of masonry construction and a large metal shed. Agricultural activities are being undertaken on the property with water allocations also available for sale by negotiation.
The property is located within easy reach of the Bargara Central Shopping Village, Bargara State School, the proposed Catholic School and the town centre. The eastern edge of the land is about 1.5km from the Bargara beach front.