Description
Boutique Apartment Site or Existing Office with Parking
Overview:
– 847 sqm* of MU1 (Mixed Use Inner City) Zoned Land
– 19.6 metres* approximately of frontage to Wyandra Street
– Existing 520 sqm* Office/Warehouse Facility
– 12 Car Parking spaces
– Brisbane City Council Development Approval for 22 Boutique Apartments + Retail
Potential:
– Scope to investors/speculators to reset the Lease profile upon its expiry
– Scope for owner occupiers to occupy circa September 2016
– Scope for developers to have vacant possession circa September 2016
Development Approval:
The site is being offered for sale with a Brisbane City Council Approval (BCC Ref: A004293403) for an apartment project comprising:
– 3 x 2 bedroom, 2 bathroom apartments (105-111sqm)
– 11 x 3 bedroom, 2 bathroom apartments (117sqm – 136sqm)
– 8 x 3 bedroom + study, 3 bathroom apartments (154sqm to 169sqm)
– 48 car parking spaces
Location:
Wyandra Street is a direct feeder off Skyring Terrace and Commercial Road. Both of which connect to Ann Street and Wickham Terrace. Skyring Terrace meets Vernon Terrace and Macquarie Street, providing a number of options to Brunswick Street. Teneriffe is approximately 2 kilometres from Brisbane’s GPO, and the subject property is nearby the major FKP development “Gasworks”. Providing a very high level of retail amenity to the area such as; banking, Woolworth’s, food, beverage and service industry. Public transportation is strong to Teneriffe; City Glider service to Commercial Road, rail station at nearby Fortitude Valley, and Teneriffe City Cat which is only a few hundred metres from the site.
Jointly Marketed with Ray White Commercial (Queensland)