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17 & 27 Gregory Terrace Spring Hill QLD 4000

  • Development / Land
  • 1,592 m²
  • For Sale, OFFERS CLOSE 30th SEPTEMBER

1,592m2 with $650,000/yr RETURN IN SPRING HILL

    1,592m2 ON THE HIGHEST POINT IN SPRING HILL

    $650,000* YEARLY INCOME WITH DEVELOPMENT POTENTIAL

    Warren Team exclusively presents this outstanding Investment and Development opportunity.
    The property has a land area of 1,592m2 and sits on a three street frontage, at the highest point in Spring Hill.

    The buildings currently operate as a 75 room accommodation facility returning an annual gross income of over $650,000 in 2020.

    DEVELOPMENT POTENTIAL
    - 1,592m2 of land in Spring Hill
    - Separated into 3 lots
    - 3 Street Frontage
    - Zoned Mixed Use (Inner City)
    - Council Zoned for 10 Storey Development (subject to council approval)
    - Highest Point in Spring Hill, exceptional city views achievable

    INVESTMENT FEATURES
    - Existing 75 Room Accommodation Facility (2 buildings)
    - Over $650,000/yr gross income*
    - All Tenants on 6 Month Leases with 4 Weeks Bond
    - All Bedroom Furniture Included in Property Sale
    - High Occupancy rate 90-95%
    - Manager on site
    - Multiple Car parks on site
    - Complies with all fire regulations
    - 100 Solar Panel System on roofs
    - Located within Spring Hill Free Bus Zone

    LOCATION LOCATION LOCATION
    Known as one of the most prestigious suburbs in the inner city, Spring Hill sits only a 2 minute drive to the centre of Brisbane CBD.

    The property is positioned at the top of Gregory Terrace on an elevated lot. It captures excellent views of the Brisbane City skyline with the added benefit of being close to an array of desirable amenities.

    FUTURE DEVELOPMENT
    This site represents an excellent opportunity to secure a property within walking distance to so many fantastic new Brisbane City Developments.

    2 Minutes Away - BRISBANE LIVE - Brisbane Live is set to transform Brisbane's CBD. Located at a key CBD transit hub, a new 18,000 seat entertainment arena complex will soon be constructed serviced by underground rail and busway infrastructure.

    4 Minutes Away - ROMA ST STATION UPGRADE - The new underground Roma Street station will see Roma Street become Brisbane's 'Grand Central', connecting passengers with the existing suburban bus and rail networks, the proposed Brisbane Metro, as well as regional and interstate bus and train services.

    5 Minutes Away - VICTORIA PARKLANDS VISION - Brisbane City Council is changing Victoria Park into an iconic public parkland with something for everybody. Council is converting the 18-hole golf course into an expansive new 64-hectare park following feedback from residents who have told Council they want more greenspaces with new places to relax. This means more opportunities to enjoy Brisbane's beautiful climate and connect with family, friends and visitors in the places that make our city great.

    LOCATION FEATURES
    1kms | BRISBANE CBD
    20m | Brisbane Grammar School
    30m | Brisbane Girls Grammar School
    100m | Roma St Parkland
    150m | St Andrews Memorial Hospital
    350m | Brisbane Private Hospital
    500m | Roma St Station
    600m | Victoria Park
    700m | Suncorp Stadium
    850m | Queensland University of Technology
    1.5km | South Bank Precinct

    *Income based on fully occupied dwelling

    Please contact Adam for more information and to express your interest.

    Need help with your Development Research?
    Being a QLD Registered Architect, Warren and his team can also assist the buyers by pointing them in the right direction for preliminary Architectural, feasibility and planning advice. We are also able to assist buyers with consultants who are able to provide researched feedback to help you get your next project started.

    With the Brisbane City council encouraging development in this area, the project developers can start planning and receive a development approval in a reasonable time frame. Once your DA application is approved by the council, the units can go to market almost immediately for off-the-plan sales.

    Disclaimer - All information and suggested development options contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.

    Adam Holmes-Barry
    REMAX Results
    Adam Holmes-Barry
    REMAX Results
    Varun Kapoor (Warren)
    REMAX Results
    Varun Kapoor (Warren)
    REMAX Results

    Property Highlights

    Property ID2017227872
    Floor AreaAsk Agent
    Land Area1,592 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityVacant
    Category
    Last updated  1 Sep 2021
    Map for 17 & 27 Gregory Terrace Spring Hill QLD 4000
    Map for 17 & 27 Gregory Terrace Spring Hill QLD 400017 & 27 Gregory Terrace Spring Hill QLD 4000
    Adam Holmes-Barry
    REMAX Results
    Adam Holmes-Barry
    REMAX Results
    Varun Kapoor (Warren)
    REMAX Results
    Varun Kapoor (Warren)
    REMAX Results

    Property Highlights

    Property ID2017227872
    Floor AreaAsk Agent
    Land Area1,592 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityVacant
    Category
    Last updated  1 Sep 2021
    REMAX Results
    Unit 3, 622 Wynnum Rd Morningside QLD 4170
    Adam Holmes-Barry
    REMAX Results
    Adam Holmes-Barry
    REMAX Results
    Varun Kapoor (Warren)
    REMAX Results
    Varun Kapoor (Warren)
    REMAX Results
    Adam Holmes-Barry

    Adam Holmes-Barry

    REMAX Results

    Varun Kapoor (Warren)

    Varun Kapoor (Warren)

    REMAX Results

    0437 *** ***
    0437669426

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