Lucrative Development site - LMDR zoning , 5 minutes from Brisbane CBD / Great investment opportunity
"Westminster house" in Annerley is a versatile site close to the amenities - shops , transport , library , restaurants offering a range of options for the developer or investor. Currently operating as a fully licensed level 2 Assisted care facility , the site could potentially be repurposed by exploring MCU options . ( Child care , Aged care , medical facility or a townhouse/apartment development project STCA).
Please call Gok on 0435 654 672 for private inspections. ( Financial statements available on request )
SITE FEATURES :
* 4,035sqm site across four adjacent lots offering superb views of Brisbane city
* close to shopping precinct and transport - bus and rail only 4 km south of the Brisbane CBD
* Two street access with 127.3 metres of street frontage
* An existing 36 rooms & 1,390sqm of building area as an assisted care home
* Potential Height: 3 storeys or 11.5 metres (additional height relaxations subject to council approval)
* Site Cover: Up to 45% being 1,815sqm per level (additional coverage relaxations subject to council approval)
* Potential 5,445sqm* of Gross Floor Area (GFA) over 3 levels under current parameters.
* significant priority area for Build to Rent development project
OPTIONS :
1) Continue to run it as an assisted care facility
2) Improve existing facility and make additions to potentially double the revenue
3) Explore development options - site diagonally opposite has been approved for a 5 storey ,139 room residential care facility
PRIME LOCATION + PERFECT TIMING = LUCRATIVE OPPORTUNITY
Take advantage of the severe housing shortage and lack of land in Brisbane with this 1 acre of real estate gold in a prime location. Infrastructure upgrade and surging population growth , turbo charged by the 2032 Olympics will ensure rapid capital growth. Brisbane has now surpassed Melbourne as the second strongest property market. The timing could not be more favourable - Act quickly and decisively and secure this lucrative opportunity in Booming Brisbane.
Please include both email and phone number when enquiring.
