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Description: Team Warren proudly presents an exceptionally rare opportunity to secure an LMR Zoned 814m² inner-city landholding across two lots on one title, just 5km from the Brisbane CBD, with estimated rental potential of approximately $216,000 per annum based on current short-term rental performance. See rental potential breakdown below.
Sellers circumstances have changed an they are committed to selling on or prior to Auction day.
Properties that offer both strong cashflow and genuine development upside are becoming increasingly difficult to find in Brisbane's tightly held inner-city market. Whether you're an investor seeking immediate income, a developer looking for your next project, or a land banker wanting to secure a strategic site in a high-growth corridor, this property offers a compelling combination of returns, flexibility and future potential.
Positioned within the sought-after LMR (Low-Medium Density Residential) Zone, this flat, flood-free site provides multiple value-add opportunities including subdivision, townhouse development, unit development, rooming accommodation (STCA), or continued operation as a high-yield accommodation asset.
With two dwellings across two lots, no demolition control restrictions, strong underlying land value, and significant holding income, the property provides the rare ability to generate income while planning your next move. Opportunities of this nature are seldom offered to the market and are ideally suited to buyers looking to maximise both rental returns and long-term capital growth.
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Development Highlights:
• 814m² splitter block across 2 lots on 1 title
• LMR Zoning - suitable for townhouse or unit development (STCA)
• Potential to build on the second lot or further enhance the existing improvements
• Previous Development Approval for 6 x 3-bedroom units (now lapsed)
• Potential rooming accommodation opportunity (STCA)
• No flood overlays
• Flat, usable site
• No demolition control restrictions
• Only 5km from Brisbane CBD
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Investment Highlights:
Currently operating as a successful short-term accommodation/Airbnb investment with rooms renting for up to $100/night
• Potential short-term holding income of $18,000/month
• Potential long-term holding income of $11,600/month (as student accommodation)
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Main House (Double Storey Brick & Tile)
• Upper Level: 4 bedrooms, 1 bathroom, 2 toilets, balcony
• Lower Level: 4 bedrooms, 1 bathroom, 1 toilet
Second Dwelling (Queenslander)
• 3 bedrooms, 1 bathroom, 1 toilet
Total Accommodation
• 11 bedrooms
• 3 bathrooms
• 4 toilets
• 3 kitchens
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Unbeatable Location:
Located in the heart of Annerley, residents enjoy easy access to public transport, boutique cafes, supermarkets, and major employment hubs. The Princess Alexandra, Greenslopes and Mater Hospitals are all nearby, while the University of Queensland is easily accessed via the Eleanor Schonell Bridge.
Opportunities offering immediate income, development flexibility, and a prime inner-city location are becoming increasingly difficult to secure. This is a property that will appeal to developers, investors, builders, and strategic land bankers alike.
Contact Team Warren today for further information.
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Why You'll Love It:
Secure a large double block with superb holding income in a thriving corridor with ongoing infrastructure growth and strong tenant demand.
This is an opportunity not to be missed.
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ADDITIONAL BONUS
Being a QLD Registered Architect and licensed real estate agent, Varun (Warren) and his team can provide architectural design advice, feasibility support, and planning guidance for prospective buyers. We can also assist with marketing and sales strategies for investors/developers once your project is ready to launch.
Contact us today for more information or to secure this brilliantly located property packed with potential.
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Disclaimer:
All information contained herein is gathered from sources we consider reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must rely solely on their own enquiries and due diligence.
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