120 Terrace St

New Farm QLD 4005

1131 m²

Block of units

Currently for sale - view listing

Overview

ENTIRE BRICK RESIDENTIAL COMPLEX ON 1,131m² OF BLUE CHIP NEW FARM

120 Terrace Street, New Farm. First time on the market in 39 years, this true once in a generational residential asset will be the crown jewel in any residential or commercial portfolio. • Exceptionally well maintained facility with outstanding long term occupancy • Configuration: 36 studio units - all with private kitchen and balcony • Unmatched amenity - 2 min walk to the heart of James Street • Land size of 1,131m² offering numerous redevelopment options • Capitalise on the huge demand for entry level rental accommodation in Inner City Brisbane • Potential Market Income of $617,348 pa • Huge additional rental upside available by altering current design • Positioned only 1.5km* from Brisbane CBD • Future redevelopment site -no heritage restraints or restrictive overlays • Significant infrastructure charges credit for any redevelopment • Currently Zoned Low-medium density residential (2 or 3 storey mix) but scope and need to increase (subject to council approval) • Walkable Amenity includes: - James Street precinct (restaurants, bars, cafes, cinema, retail) - New Farm Park & Powerhouse Arts Centre - Merthyr Village (includes Coles) - Brisbane River Walkway - Surrounded by parks, cafés, gyms, and everyday amenities - Excellent public transport - bus and ferry Detailed information package available on request. Scott Darwon 0401 151 090 Andrew Burke 0417 606 128