Sitting on an expansive 1,610m2 parcel in one of Brisbane's most desirable lifestyle suburbs, 28 Waite Street presents an exceptional development opportunity, with a DA currently in progress for four townhouses. For those seeking immediate income while they plan their next move, the property is currently configured as six one-bedroom flats - ready to rent as-is, or to strategically phase out as your development progresses.
The site stretches deep, offering a blank canvas for transformation. Whether your vision is to revitalise the existing flats or break ground on your next boutique residential project, this is your chance to secure a stake in a tightly held Norman Park pocket. Each flat includes a separate kitchen and bathroom, with off-street parking and a communal garden setting at the rear - providing excellent holding income while plans take shape.
Features include:
• DA application in progress for 4 townhomes
• Currently configured as 6 x 1-bedroom flats
• 1,610m2 land with wide frontage
• Holding income while you plan
• Prime opportunity in a convenient locale
• 6 secure car spaces plus off-street parking
• Zoned LMR (Low Medium Density Residential)
Perfectly positioned opposite leafy parkland and just 160m from Norman Park train station, the lifestyle offering here is undeniable. Residents will enjoy the ease of walking to local grocers, coffee spots and everyday conveniences just across the green. It's also within the Coorparoo State School catchment and close to Lourdes Hill College, Churchie and Villanova, making it an appealing option for families. With the CBD less than 4km away, this site holds all the right ingredients for a future-focused development in one of Brisbane's most liveable suburbs. DA approval is expected within the next month or so, and the current gross rental income is approximately $95,000 - $100,000, with potential to increase. Reach out to arrange your inspection.
*** Disclaimer ***
This property is being sold without a price and therefore a price guide can not be provided.
The Property Occupations Act 2014 states a price guide cannot be provided for non-priced sales. The website has filtered this property into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide. In preparing this information, we have used our best endeavours to ensure that the information contained therein is true and accurate and accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein. All information contained by Aurora Property is provided as a convenience to clients.
Aurora Property acknowledges the traditional custodians of the land on which we deliver our services. We pay respects to Elders past, present and emerging and recognise their cultural heritage, beliefs, and relationships with the land.
