Spring Hill, Queensland
607sqm Holding, 15-Storey Potential and $140k Income - 37DS
DEVELOPMENT OPPORTUNITY for $4.5M
Business Description
DEVELOPMENT SITE
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
Business Summary
Key Investment Insights
1. 607 sqm holding parcel in Spring Hill, offering a clear land bank opportunity.
2. DC1 District Centre zoning, permitting development up to 15 storeys subject to council approval.
3. Diversified gross annual holding income in excess of $140,000, providing immediate cash flow.
4. Mixed-use income profile comprising two established retail tenancies and two recently renovated residential units, one 2‑bed and one 3‑bed.
5. Direct proximity to Victoria Park, positioned within the Brisbane 2032 Olympic precinct and benefiting from Games-related infrastructure upside.
6. Adjoins St Andrew’s War Memorial Hospital, supporting medical precinct demand and tenant catchment.
7. Turnkey asset with ample on-site parking and private driveway access, simplifying short-term management and leasing.
8. Located in a tightly held inner-city pocket, enhancing scarcity value for developers and land-bankers.
9. Target buyer profile explicitly includes developers and land-bankers seeking to capitalise on Brisbane’s rapid growth and 2032 infrastructure boom.
10. Asking price $4,500,000 with submissions due 28 April at 5:00 PM, providing a defined transaction timeline.
11. Inspections by appointment and information memorandum available on request, facilitating due diligence.
