Location + Opportunity + Growth

Put this one at the top of your list!

Residential land in this high growth suburb of Brisbane is almost impossible to find.
This is your opportunity to secure two adjoining lots in the heart of Upper Mount Gravatt, one of Brisbane’s fastest growing suburbs.

Upper Mount Gravatt is experiencing rapid urban renewal and is now a major retail and business centre of Brisbane.

This property consists of a removable timber home located in a prime elevated position overlooking the recently upgraded Westfield Garden City shopping centre.

Site details
- 971m2 (approx)
- Two lots on two separate titles
- 24 metre frontage (12m each lot)
- No flood or demolition control
- Optimal north-south orientation
- Low density residential zone
- City Express Bus just 3 minutes’ walk
- 12km from Brisbane’s CBD

Development options (STCA)
- Build two new dwellings
- Slide, raise and renovate existing house
- Build your dream home on 1 lot and sell the other
- Student accommodation (zoning allows complex up to 10 persons)
- Amalgamate site and build your large dream home
- Rent existing house and “land bank” for the future

Site requires only water and sewer connection to one lot. Stormwater connection points installed to service both lots (approved by Council).

Investors are recognising the capital growth potential of Upper Mount Gravatt:
- Identified as a major business & transport hub in Brisbane City Plan 2014
- House prices averaged 6.32% per annum growth over the past 5 years
- Population expected to double by 2031 (or 569 people per year)
- Rates as 7th highest employment suburb 9000 new jobs to be created by 2031

Investor confidence in this tightly held precinct is very strong. Several new boutique apartments are underway within close proximity of this property.

- Prime location – two adjoining lots
- High growth suburb – major urban renewal
- Multi-million dollar project investment
- Westfield Garden City $400 million redevelopment
- Future capital growth

Inspect this Saturday 1.00-1.30 pm or by appointment.

A Property Report including due diligence information is available from the marketing Agent.

All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.