Rarely does an opportunity arrive with this many doors open at once.
A flat 642m² block high on the hill in the heart of Tarragindi - no character overlay, no restrictions, and city views waiting to be unlocked. While every neighbouring property is character listed and architecturally constrained, this site answers to no such limitations. The canvas is blank. The potential is extraordinary.
The Dream Development-
Demolish and design a luxury residence that rises above the rooftops to capture sweeping Brisbane city views. No character overlay means your architect has genuine freedom to create something truly extraordinary. Or with approximately 18 metres of street frontage and two existing driveways, take the duplex path - dual occupancy, dual income, or a sell-one-keep-one strategy that stacks up from every angle. Whether you're chasing a prestige forever home with a city backdrop or a high-yield development play, the land, the frontage, and the freedom, this property has it all.
The Smart Hold
Not ready to build? No problem. Three self-contained units generate income while you wait for the right moment.
Unit 1: 2 Bed | 1 Bath | 1 Car
Unit 2: 1 Bed | 1 Bath | 1 Car
Unit 3: 1 Bed | 1 Bath | 1 Car
Current rent sits at $925/week, well below market due to a long-term tenancy. Fresh appraisals return $1,450/week combined, meaning $525/week in additional income is available the moment rents are brought to market. Landbank with $26,000 in untapped annual yield already on the table.
The upside doesn't stop there. The property's structure and land size also allow for the home to be raised and built beneath, creating the opportunity to add additional self-contained dwellings. Whether that means a dual-key configuration, additional rental units, or a staged development play, the possibilities are genuinely open-ended, making this as much a development opportunity as it is a buy-and-hold.
The Location
Tarragindi consistently ranks among Brisbane South's most sought-after pockets. Wide streets, strong owner-occupier culture, proximity to the city, and a suburb that has never stopped growing in value. Flat 642m² blocks here are scarce. Flat 642m² blocks free from character constraints are virtually non-existent.
Perfectly positioned for family life, this address delivers the kind of everyday convenience that's genuinely hard to find. A bus stop at your doorstep, a local preschool and kindergarten a few hundred metres away, and a catchment that reads like a who's who of the area's most sought-after schools - Wellers Hill State School, St Elizabeth's Primary, Mary Immaculate, and Our Lady's College. Add Greenslopes Private Hospital moments away, and everything your family needs is already within reach.
Build the luxury home* you've always wanted. Or hold, earn, and build when the time is right.
Either way - this is the one.
*Subject to Brisbane City Council approval
*The boundary lines are indicative only and buyers should conduct their own research including survey plan
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
