It was 17 years ago when Wattle Street Property Group bought a second piece of land, totaling 8094sqm in Andergrove, a northern suburb of the city of Mackay, for $1 million.
12 months earlier they had bought a 26,200sqm property with a two-storey, three-bedroom home, for $1.05 million.
In 2018 a development application was lodged with Mackay Regional Council to build 111 two-bedroom units and a two-bedroom manager’s residence on the two parcels of land.
Eight years later, the council has approved the development. The project is subject to $2.4 million in infrastructure charges payable to council.
Any pre-existing infrastructure, like the home that is currently listed for sale with Greg Chappell Real Estate, must also be demolished.
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