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SOLD

DA Approved Site in New Farm For Sale

11 Bowen Street, New Farm QLD, 4005

12 Bedroom     6 Bathroom     6 Garage     Italian Trulli 501sqm   Block of units

Contract crashed – Now available $3,995,000+ 

The site currently has an existing, brick apartment building with 6 x two bedroom, one bathroom apartments with five existing tenancies in place generating a gross income of $90,740 per annum.

 

Located in New Farm, the property is conveniently located a short walk from a range of amenities including Howard Smith Wharves, New Farm Boardwalk, Merthyr Village, James Street Precinct and New Farm Park. New Farm is one of Brisbane’s most sought-after suburbs, located just 1.5 kilometres east of the Brisbane CBD.

 

A Brisbane City Council Development Approval has been granted for the development of a five-storey residential building consisting 8 x three-bedroom apartments, designed as a two per floor outcome ranging from 174m2 – 186m2 in gross size, plus 1 x 99m2 ground floor retail tenancy on the site. Designed by renowned Monster Ideas Architects.

 

The property offers a rare opportunity for developers and investors to secure a prime, fully approved development site in an established and highly desirable location or a quality asset with long-term land banking options.

 

Contact Phillip Rand or Lisa Halpin to arrange a private inspection. 

Get In Touch

Phillip Rand

0404 439 567