Information Memorandum IM Available: Text "IMROLLESTON" to 0438 785 148.
Presenting a wonderful opportunity, 15 Rolleston Street offers a rare 1,047sqm hilltop parcel in the high-growth corridor of Keperra/Grovely. This expansive site delivers a blank canvas with endless potential, meticulously suited for astute developers, forward-thinking investors, or ambitious homeowners looking to capitalise on a premium location.
Strategic Development Options
The site's generous proportions and no demolition control provide a highly versatile foundation for multiple high-yield development strategies including:
• Subdivision: Build two modern, freestanding homes on individual 523sqm allotments.
• Retention & Build: Re-locate and restore the existing Queenslander to one side of the block, freeing up the remaining land to construct a second home.
• Re-zoning Potential: Explore the potential opportunity to lodge a Material Change of Use (MCU) and re-zone the land to Low-Medium Density Residential (LMR), maximising site yield.
• Architectural Masterpiece: Design an iconic luxury residence by restoring the original home or building a contemporary statement property across the full 1,047sqm footprint.
Existing Dwelling & Holding Income
For the pragmatic investor, the property currently features a beautiful pre-war Queenslander in neat, tidy, and mostly original condition. Generating an appraised rental return of $550-$600 per week, this provides a solid holding income while you formalise your development approvals. The home includes two bedrooms plus sleepout, an updated bathroom and kitchen, and beautiful traditional features throughout. Crucially, the home can be renovated, removed, or demolished (Subject to Council Approval).
Property Highlights:
• Expansive 1,047sqm allotment with substantial 24.1m x 44.3m dimensions.
• Elevated North-South orientation with the potential for fantastic views.
• Level land with a gentle slope towards the street, minimising earthworks and making it easy to develop.
• Risk-mitigated site: No character control, no flooding overlays, and no easements.
• Holding income potential with a rental appraisal of $550-$600 per week.
Keperra continues to demonstrate robust capital growth, underpinned by its exceptional connectivity, family-focused infrastructure, and diverse lifestyle amenities. Ideally positioned within the catchments for Grovely State School and Mitchelton State High School, the location also offers effortless access to a choice of quality private schooling. Daily convenience is assured, with the nearby Great Western Super Centre, Arana Plaza, and Brookside Shopping Centre providing immediate access to major retail hubs, dining precincts, and essential medical services. Commuting to the Brisbane CBD is remarkably seamless, with Grovely train station situated just 300m away. There is also multiple recreation options, including the Keperra Golf Club and Heiner Park, right on your doorstep.
Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Burton & Ryan Property Agents will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate.
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