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Indooroopilly QLD 4068

  • Development / Land
  • 1,016 m²
  • For Sale, $4,500,000 (excl. GST)

Close to CBD with Approval for 58 Units & Shop

  • Holding Income
  • Approval for 58 Units & Shop
  • Close to CBD

Designed for serviced apartments. An outstanding opportunity to secure a development ready' site in a premium position.

The 1,016m² DA approved holding is located in the highly sought after established residential suburb of Indooroopilly and offers the following key characteristics:

* Existing 8 x 2 bedrooms units each rented for approx. $300p/wk 
* Development Approval for 58 units, 1 retail shop and 74 basement & above ground car park;
* Approved Gross Floor Area 3,684.5 m² over 10 levels
* Approved apartment breakdown:
- 1 x 3 bedrooms
- 41 x 2 bedrooms
- 16 x 1 bedrooms
* Recent apartment projects in Indooroopilly are achieving strong price points and sales rates;
* Situated within 8km of the Brisbane CBD (approx.);
* Extended street frontage to Coonan Street;
* Surrounded by a number of best public and private schools and is situated 5km radially from the University of Queensland (ranked 4th best university in Australia according to Times Higher Education);
* Close proximity to an array of local retail amenity such as being only 500m away from Indooroopilly Shopping Centre, bulk billing doctors, buses, pharmacies and physios. Indooroopilly train station is across the road and bus station is at the doorstep.

Air Conditioning
Built-In Wardrobes
Close to Schools
Close to Shops
Close to Transport
Secure Parking
All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.

Decision for Activity: Shop, Multi-Unit Dwelling
Extension Granted 04/04/2018

Improvements include an existing block of 8 x 2 bedrooms units rented at $300p/w each

Property Highlights

Property ID2014469981
Floor Area3,684 m²
Land Area1,016 m²
ParkingOn street parking
Building TypeWhole building
Annual ReturnAsk Agent
Last updated  28 Jun 2018
Map for Indooroopilly QLD 4068
Horaay Australia
Level 21, Waterfront Place 1 Eagle Street Brisbane City QLD 4000

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