Savills are delighted to offer for sale for the first time in almost 35 years, this large 1,513sq m* double block located at 4 - 6 Marmion Parade, Taringa.
The underutilised site is nestled on a quiet street, just a stone's throw from the heart of Taringa providing strong connection to transport and a range of amenities. Rarely do opportunities become available to purchase land of this size with 38.4m* of frontage, positioned only 5 kilometres* from the Brisbane CBD.
The site is zoned LMR2 Low-medium density residential (2 or 3 storey mix) within the Taringa Neighbourhood Plan offering untapped development opportunity with a variety of potential land uses.
The site is currently improved with a two-storey detached residential dwelling which includes a pool and tennis court offering a charming family home, strong land holding or future development opportunity.
Highlights
Significant double block which in amalgamation forms a 1,513sq m* inner city development site located 1km* from Toowong Village and 5km*from the Brisbane CBD
Zoned LMR2 Low-medium density residential (2 or 3 storey mix) within the Taringa Neighbourhood Plan offering untapped development opportunity.
Development potential: the site could accommodate; caretaker's accommodation, dual occupancy; residential care facility, aged care facility, rooming accommodation or subdivision for freehold lots or multiple dwellings of up to 2 to 3 storey's (subject to Council approval)
Median house price within Taringa is over $1.5 million with 10.2% growth over the last 12 months.
Existing improvements include a two-storey detached 5-bedroom, 3-bathroom residential dwelling, with a pool and tennis court.
Positioned in a leafy corridor, the property is within walking distance to a number of schools, public parks, cafes and transport options. The core characteristics of the location are highly desirable attributes offering an idyllic lifestyle setting resulting in strong demand within the area.
Brisbane is experiencing significant growth following considerable Public and Private spending on key infrastructure projects across the region in addition to the recent successful tendering of the 2032 Olympic Games
*Approximately
