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Sold on 1 Jun 2016

Albion QLD 4010

  • Development / Land
  • 5,600 m²
  • Sold

DEVELOPERS - CAPITALISE IN THIS INNER CITY GEM OF A SITE!

Elders Commercial has the pleasure in presenting this outstanding development site on the cusp of Ascot & Albion, less than 5 kilometres North of the Brisbane CBD.

This expansive 5,600sqm site is superbly positioned in a quiet, leafy precinct just off major arterials and infrastructure connecting the site efficiently to the Airport, CBD and all sides of Brisbane.

There is a pending Development Approval over the site for 154, cleverly designed apartments which has the unique ability to be developed in 2 stages, if desired.

Additional features include:

• Suburb apartment mix with majority 2 and 3 bedroom apartments over 7 levels, with 1.5 levels of basement parking

• Strong holding income of $546,000 net p.a, without taking into account the 1,068sqm vacancy which is ideal for a sales showroom

• Positioned in the heart of an exciting renewal precinct, within walking distance of Albion Train, Sandgate Road Retail Precinct & The $330 Million Albion Mill FKP Re-Development

• Highly desirable residential precinct with excellent CBD & suburban view corridors from the upper levels of the development

Note: The Vendor will allow subject to Approval of the proposed development.

Please contact the Exclusive Marketing Agents Elders Commercial to discuss further and for a detailed Information Memorandum!

Property Highlights

Property ID2012003604
Date Sold1 Jun 2016
Floor AreaAsk Agent
Land Area5,600 m²
ParkingAsk Agent
Category
Last updated  1 Jun 2016
Map for Albion QLD 4010
Elders Commercial Brisbane
14 Gibbon Street Woolloongabba QLD 4102

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