Spring Hill, Queensland
607sqm Holding, 15-Storey Potential and $140k Income - 37DS
DEVELOPMENT OPPORTUNITY for $4.5M
Business Description
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. 607sqm landholding in Spring Hill, zoned DC1 District Centre, enabling up to 15 storeys subject to council approval.
2. Diversified gross annual income in excess of $140,000, providing immediate holding revenue.
3. Mixed-use asset comprising two established retail tenancies and two recently renovated residential units, one 2‑bed and one 3‑bed.
4. Direct proximity to Victoria Park, identified as the centre stage for the Brisbane 2032 Olympic Games, offering significant event-driven demand and uplift potential.
5. Adjacent to St Andrew’s War Memorial Hospital, providing strong long‑term demand drivers for residential and retail uses.
6. Turnkey condition with ample on‑site parking and private driveway access, reducing short‑term capital expenditure for occupation or leasing.
7. Inner‑city, tightly held Spring Hill location, attractive to developers and land‑bankers targeting central Brisbane growth.
8. Strategic development upside combined with immediate cash flow, supporting both yield investors and those seeking future redevelopment gains.
9. Asking price $4,500,000, submissions close 28 April at 5:00 PM, enabling clearly defined transaction timetable.
10. Inspections by appointment and information memorandum available on request, facilitating due diligence for serious buyers.
