Rare opportunity, in the well-established and most sought suburb of Ellen Grove, next to Forest Lake with a beautiful environment and all amenities close-by, this is a great GOLDEN potential of subdivision and HUGE rental income for developers and investors. It is zoned Emerging Community and located in the development corridor of Ellen Grove the property is getting a massive rental income of app. $54,000/year (net) to a very reputable Vet Clinic (Lease renewed now till DEC 2026) Representing an exciting opportunity for the investor, developer, or owner occupier to acquire this unique land offering, 447 Waterford Road is situated in one of South-West Brisbane 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. Features include: - Brisbane City Council - Zoned Emerging Community - Land: 1.02Ha (11200m2, approximate 181m x 56.6m frontage) - Numerous Development Options - South-West Brisbane Priority Growth Precinct Other features include: - Located on the border line of Forest Lake, approximately 150m to Forest Lake State School - Approximately 500m walking distance to Local Shopping Centre - Approximately 400m walking distance to Forest Lake Child Care Centre - Opposite to the public park - Only 18km from Brisbane CBD it is easy access to Richlands Railway Station, Logan Motorway and Ipswich Motorway. - 5 mins drive to the Forest Lake Village Shopping Centre - 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) This property has a big street frontage, 57m metres facing Waterford Road. 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. Easy access to train and Logan motorway, and public transport and many more. It is a suburb with many educational institutes in the area, eg. local primary and high schools such as Grand Avenue State School, Forest Lake State School, Forest Lake High School, St John's Anglican College. Only minutes drive from Forest Lake shopping centre, Inala shopping centre and further away is Mt Ommaney Shopping Centre & Fitness Centre. 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. SITE INSPECTION ONLY. Call Syed @ 0416 498 295 for any queries Disclaimer: All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.