Built circa 1925 this very tidy highset free-standing Queenslander provides an extremely rare opportunity to purchase an outstanding asset with multiple options including land banking, lifting and extending, investment or simply residential. The property is currently leased however there is an opportunity to have vacant possession with appropriate notice.
Highset freestanding building with mixed-use opportunity
539sqm of land with Onsite parking for six (6) vehicles the internal configuration is an open plan design with 5 bedroom and 2 bathroom.
Why Purchase this Property?
Undeniably positioned in Brisbane’s most sought-after locations
The location is part of the West End Woolloongabba neighbourhood plan and Woolloongabba Priority Development Area (STCA) with potential substantial uplift under possible future re-zonings (STCA).
Within the precinct, Princess Alexandra Hospital, Translational Research Institute Australia and the Pharmacy Australia Centre of Excellence
Surrounded by high quality developments including Trafalgar Lane – $86 million mixed-use development including 147 apartments, laneway retail and commercial offices in Stanley Street
South City Square mixed-use development in Logan Road plans to provide more than 1000 residential apartments, hotel, supermarket gym, daycare centre, boutique cafs, restaurants and a cinema
Park Central – a $1 billion master planned transit-oriented development in Buranda
Public Transport services include $5.4 billion Cross River Rail project providing a new station at Woolloongabba at the site of the former Go Print building. A new pedestrian bridge will provide a seamless connection from the new station to the existing busway and Stanley Street
$944 million Brisbane Metro to provide high frequency network with metro station at Buranda direct access to Clem 7 ICB and Airport Link Tunnel
One of the fastest growing suburbs in Brisbane, with population projected to grow at 5% each year and more than 54% of the working age population under the age of 35