607sqm Holding, 15-storey Potential And $140k Income - 37ds
Spring Hill, Queensland 4000
DEVELOPMENT OPPORTUNITY for $4.5M
Key Features
AI generated. Contact seller to confirm.
- 607sqm DC1 zoned site allowing up to 15 storeys (STCA)
- Diversified gross income exceeding $140,000 per annum
- Two retail tenancies and two renovated residential units
- Adjacent to Victoria Park and St Andrew's War Memorial Hospital
- On-site parking and private driveway, turnkey inner-city holding
- Appeals to developers and land-bankers; $4.5M asking, submissions close 28 April
- Turnover: Not disclosed
- Net Profit: Not disclosed
Business Details
Business Category Motel
Positioned in the heart of Spring Hill’s medical and Olympic precinct, this high-yield mixed-use asset offers a rare combination of immediate cash flow and landmark development upside.
The Opportunity:
- Development Upside: Prime 607sqm site with DC1 District Centre zoning, allowing for up to 15 storeys (STCA).
- Strong Holding Income: Diversified gross annual income exceeding $140,000.
- Mixed-Use Profile: Two established retail tenancies plus two recently renovated residential units (2-bed & 3-bed).
- 2032 Olympic Precinct: Direct proximity to Victoria Park—the "centre stage" for the Brisbane 2032 Games—and adjacent to St Andrew’s War Memorial Hospital.
- Turnkey Asset: Ample on-site parking and private driveway access in a tightly held inner-city pocket.
This is a blue-chip acquisition for developers and land-bankers looking to capitalise on Brisbane’s rapid growth and the infrastructure boom of the 2032 Olympics.
Asking Price: $4,500,000 (Submit your best offer)
Submissions close: 28th April at 5:00 PM
Inspections by appointment.
Contact us today to arrange a private viewing or request the information memorandum.
Property Code: 5434
The Opportunity:
- Development Upside: Prime 607sqm site with DC1 District Centre zoning, allowing for up to 15 storeys (STCA).
- Strong Holding Income: Diversified gross annual income exceeding $140,000.
- Mixed-Use Profile: Two established retail tenancies plus two recently renovated residential units (2-bed & 3-bed).
- 2032 Olympic Precinct: Direct proximity to Victoria Park—the "centre stage" for the Brisbane 2032 Games—and adjacent to St Andrew’s War Memorial Hospital.
- Turnkey Asset: Ample on-site parking and private driveway access in a tightly held inner-city pocket.
This is a blue-chip acquisition for developers and land-bankers looking to capitalise on Brisbane’s rapid growth and the infrastructure boom of the 2032 Olympics.
Asking Price: $4,500,000 (Submit your best offer)
Submissions close: 28th April at 5:00 PM
Inspections by appointment.
Contact us today to arrange a private viewing or request the information memorandum.
Property Code: 5434
What's Nearby
Nearby Locations
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This business is somewhat unique and has no similar competition in this region, category or price bracket.