Opportunities of this scale are becoming increasingly difficult to find in established Wynnum.
Positioned on an impressive 809m² allotment, 111 Worthing Street presents an exciting opportunity for owner-occupiers, investors, builders, developers and those looking to secure a substantial landholding for the future.
Currently improved with a five-bedroom PLUS 2 kitchens, this residence offering generous accommodation, the property provides immediate use and holding income potential while purchasers investigate the possibilities presented by this substantial site.
For developers and builders, the land is where this property becomes particularly interesting.
The property comprises a single freehold allotment - Lot 120 on RP33125 providing approximately 809m² of land.
Brisbane is also entering a significant period of planning change. Brisbane City Council's proposed More Homes, Sooner planning amendments are intended to facilitate greater housing diversity, including smaller residential lots and increased development opportunities in qualifying locations.
With approximately 809m² at your disposal, buyers are encouraged to investigate the site's current and future potential, which may include subdivision, small-lot housing, dual occupancy or other residential development outcomes, subject to zoning, location, site characteristics, the final form and commencement of proposed planning amendments and all necessary approvals.
Alternatively, forget development altogether.
Secure a substantial Wynnum block, renovate or replace the existing residence, create the family home you have been waiting for and enjoy the increasingly rare luxury of more than 800m² of land.
For investors and land bankers, the existing residence provides the opportunity to hold the property while Brisbane's evolving planning framework and the continued transformation of Wynnum unfold around you.
Have you ever thought about building a granny flat to add value?
WHY 111 WORTHING STREET DESERVES YOUR ATTENTION
Approximately 809m² of land
Single freehold allotment Lot 120 on RP33125
Existing 5 bedroom residence
* Dual living opportunity
* 2 kitchens
* 2 bathrooms
Off street car parking
Established Wynnum location
Appealing to owner-occupiers, investors, builders and developers
Potential to investigate subdivision and alternative residential development outcomes
Opportunity to hold while Brisbane's residential planning framework continues to evolve
Brisbane City Council's proposed More Homes, Sooner reforms create an additional future planning consideration for astute purchasers
THE LAND IS THE OPPORTUNITY
Whether your vision is to renovate, rebuild, invest, subdivide, develop or simply secure a substantial parcel of Wynnum land for the future, 111 Worthing Street is a property that deserves investigation.
For developers in particular, we encourage you to do the homework.
With Brisbane City Council proposing significant changes to residential development controls, including reduced minimum lot sizes in qualifying Low-medium density residential locations and increased development opportunities on appropriately located sites of 800m² or greater, the timing of this offering makes it particularly worthy of consideration.
Secure the property today. Explore what may be possible tomorrow.
All dimensions and areas are approximate. Any reference to subdivision, development, redevelopment, future planning controls or development potential is indicative only and is subject to Brisbane City Council requirements, zoning, overlays, infrastructure, site constraints, applicable legislation and all necessary approvals. Proposed Brisbane City Council planning amendments have not necessarily been adopted or commenced and may be amended prior to commencement. Interested parties must undertake their own investigations and obtain independent town planning, legal and other professional advice regarding the property's existing and future development potential.
