120 Riverstone Road, Gordonvale QLD 4865

120 Riverstone Road, Gordonvale | solid older build, no asbestos | development upside on 1012sqm | FTTP and 5G coverage This property presents a rare combination of immediate liveability and long-term repositioning potential. The 1012m² lot with only 16% building coverage offers genuine subdivision or dual-occupancy optionality in a residential zone free of flood, bushfire, or heritage constraints. The existing house is structurally sound, updated kitchen, and asbestos-free — meaning a buyer can hold and collect income while planning future yield. The property suits an investor seeking land-bank exposure in a growth corridor, or a buyer-occupier wanting to add value without urgent capital works. The primary risk is that the current building is older-style and may require updating to achieve top rental or resale performance in the near term. However, the absence of major structural issues and the low building coverage mitigates this — the house can be lived in or tenanted as-is. The 16% site coverage means any future development will require careful design to maximise yield, but the lot size and zoning support this. For a buyer with patience, the upside sits in the land, not the building.