111 Old Cleveland Road

Greenslopes QLD 4120

1452 m²

House

Currently for sale - view listing

Overview

107, 109 & 111 Old Cleveland Road, Stones Corner DA Approved Mixed-Use Development 22 Units + Childcare | Blue-Chip Inner-City Growth Corridor

Positioned within one of Brisbane's most tightly held and rapidly transforming inner-city precincts, this fully approved development opportunity delivers the exact fundamentals sophisticated developers actively pursue scale, approval certainty, income potential and an irreplaceable location just minutes from the CBD. Opportunities of this calibre in Stones Corner are exceptionally rare. With an impact-assessed Development Approval already secured, the significant planning risk, holding uncertainty and approval timelines have already been removed, allowing the next owner to move directly toward delivery. Set across approximately 1,452m² of prime inner-city land with prominent frontage to Old Cleveland Road, the site sits within a proven high-demand residential and commercial corridor surrounded by established amenities, transport infrastructure and ongoing urban renewal. This is not a speculative landholding this is a shovel-ready development platform in one of Brisbane's strongest performing infill locations. Approved Development Metrics (What Developers Care About) Development Approval for 22 residential units Approved childcare centre component providing strong income diversification potential 53 approved car parks supporting both residential and commercial uses Approx. 1,452m² site area Impact-assessed approval significantly reducing planning risk Mixed-use outcome aligned with council growth strategy High-exposure arterial road position Immediate access to transport, retail and lifestyle infrastructure This approval configuration creates multiple exit strategies build-to-sell, build-to-rent, staged delivery or hold-and-income models. Why Developers Are Targeting Stones Corner Stones Corner continues to experience accelerated redevelopment driven by Brisbane's population growth and the ongoing migration toward well-located inner-ring suburbs. Key fundamentals driving feasibility include: Minutes to Brisbane CBD Strong unit absorption rates across inner-south precincts Growing demand for childcare services within high-density catchments Established retail and dining precinct nearby Major transport connectivity and walkability appeal Limited remaining development sites of meaningful scale Large, approved sites in this location are becoming increasingly scarce as surrounding parcels are consolidated and delivered. Income + Density Advantage The inclusion of an approved childcare component introduces a highly attractive commercial element, offering: Potential pre-lease opportunity Early income stabilisation Enhanced project feasibility Broader buyer and funding appeal This dual-use approval is a key differentiator rarely achieved within comparable inner-city sites. A Rare "De-Risked" Development Opportunity Most development sites require years of planning, negotiation and approval risk. Here, the heavy lifting has already been completed. Developers can immediately focus on: Design optimisation Builder engagement Funding structuring Pre-sales or leasing strategy Accelerated project delivery In today's market, time certainty equals profit certainty making approved projects increasingly sought after by experienced operators. Investment Summary This offering represents a strategic acquisition within Brisbane's expanding inner-south growth corridor combining approval certainty, diversified income potential and long-term capital upside in a location where future supply is limited. Serious development opportunities with this approval profile rarely reach the open market. Expressions of Interest Invited Full approval documentation, plans and due-diligence materials available upon request. Contact Altora today to secure the complete developer information pack.