On behalf of the vendor, Colliers International has the exclusive pleasure to offer 24-28 Lissner Street, Toowong for sale via Offers to Purchase.
24-28 Lissner Street, Toowong represents an outstanding opportunity to secure a property with strong holding income and excellent upside through re-positioning and redevelopment.
The 2,108m² holding is located in the highly sought after Inner West suburb of Toowong and offers the following key characteristics:
- Located in the thriving Toowong Village precinct approximately 4 kilometres from the Brisbane CBD;
- Currently operating as the ‘Toowong Inn and Suites’ hotel which is 47 individually-titled apartments (over three storeys);
- Current net income is approximately $563,094 per annum;
- Improvements are suitable for re-position or redevelopment into hotel, residential apartments, retirement / aged care or student accommodation uses;
- Outstanding development site with potential for excellent Brisbane CBD and River views to the north and east;
- Site extends to 2,108m² on which you could build up to 8 storeys (Code Assessable). Potential for future upside with 20 storey height limit area
adjacent across Lissner Street; - Nearby to Wesley Hospital and associated medical uses; and - Adjacent to a major shopping centre known as Toowong Village and within 100 metres of the Toowong Train Station. For further information, please contact the exclusive agents on the details below.