Elders Commercial has the pleasure in presenting this outstanding development site on the cusp of Ascot and Albion, less than 5 kilometres North of the Brisbane CBD.
This expansive 5,600sqm site is superbly positioned in a quiet, leafy precinct just off major arterials and infrastructure connecting the site efficiently to the Airport, CBD and all sides of Brisbane.
There is a pending Development Approval over the site for 154, cleverly designed apartments which has the unique ability to be developed in 2 stages, if desired.
Additional features include:
• Suburb apartment mix with majority 2 and 3 bedroom apartments over 7 levels, with 1.5 levels of basement parking
• Strong holding income of $546,000 net p.a, without taking into account the 1,068sqm vacancy which is ideal for a sales showroom
• Positioned in the heart of an exciting renewal precinct, within walking distance of Albion Train, Sandgate Road Retail Precinct and The $330 Million Albion Mill FKP Re-Development
• Highly desirable residential precinct with excellent CBD and suburban view corridors from the upper levels of the development
Note: The Vendor will allow subject to Approval of the proposed development.
Please contact the Exclusive Marketing Agents Elders Commercial to discuss further and for a detailed Information Memorandum!