607sqm Holding, 15-Storey Potential and $140k Income - 37DS
Positioned in the heart of Spring Hill’s medical and Olympic precinct, this high-yield mixed-use asset offers a rare combination of immediate cash flow and landmark development upside.
The Opportunity:
- Development Upside: Prime 607sqm site with DC1 District Centre zoning, allowing for up to 15 storeys (STCA).
- Strong Holding Income: Diversified gross annual income exceeding $140,000.
- Mixed-Use Profile: Two established retail tenancies plus two recently renovated residential units (2-bed & 3-bed).
- 2032 Olympic Precinct: Direct proximity to Victoria Park—the "centre stage" for the Brisbane 2032 Games—and adjacent to St Andrew’s War Memorial Hospital.
- Turnkey Asset: Ample on-site parking and private driveway access in a tightly held inner-city pocket.
This is a blue-chip acquisition for developers and land-bankers looking to capitalise on Brisbane’s rapid growth and the infrastructure boom of the 2032 Olympics.
Asking Price: $4,500,000 (Submit your best offer)
Submissions close: 28th April at 5:00 PM
Inspections by appointment.
Contact us today to arrange a private viewing or request the information memorandum.
Property Code: 5434
For more details, please email broker or call agents.
