Positioned on a generous 751m² Medium Density Residential allotment, this is a rare opportunity to secure a DA-approved site for six one-bedroom apartments in one of Capalaba's most convenient growth locations.
Whether you're an experienced developer looking for your next project, an investor seeking immediate returns with future upside, or you're looking to landbank for the future, 13 Arcadia Street offers the ideal combination of approved development potential and immediate cash flow.
The existing residence is currently leased until June 2027, returning $775 per week, providing valuable holding income while obtaining Building Approval, finalising construction documentation and preparing for your next stage of development.
Property Highlights
· DA approval for 6 x one-bedroom apartment complex
· 751m² Medium Density Residential site
· Existing four-bedroom residence currently leased until June 2027
· Strong rental return of $775 per week
· Secure holding income while progressing to Building Approval and construction
· Predominantly level allotment with excellent access
· Rare opportunity to acquire a development-ready site in an established residential precinct
Lifestyle & Location
Perfectly positioned in the heart of Capalaba, the property is within easy reach of major shopping, transport and lifestyle amenities, including:
· Capalaba Central Shopping Centre
· Capalaba Park Shopping Centre
· Moreton Bay TAFE
· Capalaba Bus Station with direct services to Brisbane CBD and surrounding suburbs
· Medical precincts and allied health services
· Cafés, restaurants and everyday conveniences
· Parks, sporting facilities and recreational reserves
Commuting is effortless, with Brisbane CBD approximately 30 minutes away, Brisbane Airport within around 25-30 minutes via the Gateway Motorway, and the beautiful foreshores of Cleveland and Moreton Bay only a short drive away.
Education
Located within the catchment for:
· Birkdale South State School
· Alexandra Hills State High School
The property also enjoys close proximity to a range of childcare centres, St Anthony's Primary School, Sheldon College, Ormiston College and TAFE Queensland's Capalaba campus.
Development opportunities of this calibre are becoming increasingly difficult to secure. Combining an existing income stream, Development Approval already in place and a highly convenient location, this is a property that offers both immediate returns and exceptional long-term potential.
Whether you're ready to commence construction immediately or strategically hold the site for the future, this is an outstanding opportunity to secure your next project.
