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

Marketing Agent

Bill He

0439 28....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime 607sqm development site with DC1 District Centre zoning and potential for up to 15 storeys, subject to council approval.
2. Diversified gross annual holding income exceeding $140,000 provides immediate cash flow.
3. Mixed use asset comprises two established retail tenancies and two recently renovated residential units with two and three bedrooms.
4. Spring Hill location adjacent to St Andrew’s War Memorial Hospital and close to Victoria Park, a Brisbane 2032 Olympic precinct.
5. Ample onsite parking and private driveway access support convenient access for tenants and residents.
6. Asking price of $4,500,000, with best offers invited.