An outstanding opportunity to acquire a significant development-ready site with an existing Development Approval for 54 residential apartments. Comprising six titles across a strategic landholding with Ruthven Street frontage and rear access from Gordon Street, this offering is primed for delivery or repositioning. Originally planned as a social housing project to service the Toowoomba region, this fantastic site would suit a multitude of uses (STCA). Key Features: - DA approved for 54 units: 34 x 1-bed, 12 x 2-bed, and 8 x 3-bed apartments - Low-Medium Density Residential zoning - 3,238m² total area across 6 contiguous lots - Rare dual access: main road exposure plus secondary access - Approval current through to June 2030 - Existing improvements include four cottages and two commercial tenancies - Potential holding income circa $90,000 p.a. (vacant possession available) Location Highlights: - 1.4km to Toowoomba CBD - 450m to Bunnings, 950m to Northpoint Shopping Centre - Immediate access to transport corridors and key infrastructure projects - Surrounded by strong residential demand with vacancy rates below 0.5% - Strong demand throughout Toowoomba for convenient, close to facilities living Development Potential: - Approved for multi-residential but zoning permits a range of alternate uses STCA - Potential future uses: aged care, short-term accommodation, mixed-use, healthcare, education or childcare - Detailed plans, landscape intent, and noise assessment already completed - reducing risk and time to market Investment Considerations: - Population growth, infrastructure projects, and record-low vacancy rates in Toowoomba support strong end demand - Located in one of regional Queensland's most tightly held and economically resilient centres - Substantial planning and design work already completed with TRC Please contact Chan and Lochie for the full Information Memorandum