SAVILLS ARE SELLING A WELL-POSITIONED CORNER DEVELOPMENT SITE AT 2-10 ANDREWS STREET, CANNON HILL.
This rare 2,125sqm* corner site, comprises 3 existing adjoining allotments located adjacent to the Cannon Hill Train Station with an existing development approval (DA) for 44 apartments over 5 levels.
HIGHLIGHTS
THIS RESIDENTIAL "IN-FILL" SITE SPANS A GENEROUS 2,125SQ M* spread across three titles is situated 6 radial kilometres* east of Brisbane's vibrant CBD and 3.1 radial kilometres* from the Gateway Motorway, Cannon Hill stands as a prime residential location coveted for its central positioning.
ZONED MEDIUM DENSITY RESIDENTIAL (MDR) allowing up to 5 levels
2 STREET FRONTAGE: 58 metres to Andrews St & 40 metres to Barrack Rd
EXISTING DA FOR 44 APARTMENTS & 3,845 sqm of Gross Floor Area (GFA) over 5 levels. (Application No: A006139991) comprising 28 x 2 bed and 16 x 3 bed apartments, 87 Resident Car parks and 12 visitor parks.
LOCATED IN CANNON HILL, a well-established residential area within Brisbane City Council, where the median house price currently stands at $1,200,000 according to REA Group Ltd, 2023.
BOASTING AN ENVIABLE LOCATION directly adjacent to Cannon Hill Railway Station and positioned opposite the entry to Southgate Corporate Park, residents are granted unparalleled connectivity and convenience, with seamless access to public transportation and nearby retail (hotel, fast food and supermarkets) and employment. Parks and sporting facilities are just at the end of the street.
CAPITALISING ON THE GROWTH MOMENTUM in Southeast Queensland, one of Australia's fastest-growing regions.
POSITIONED TO LEVERAGE BRISBANE'S ECONOMIC BOOST from the 2032 Olympic and Paralympic Games, with a projected $8.1 billion direct benefit to the Queensland economy (Source: KPMG, 2021).
