An exceptional inner-city investment opportunity offering strong capital growth potential and outstanding lifestyle appeal. Positioned on a 647sq m site with 16.7m frontage and LMR2 zoning, the property is offered with existing DA approval for three townhomes, presenting an outstanding development opportunity.
The property currently comprises two self-contained residences, each featuring two bedrooms, one bathroom and secure parking, with separate entrances. Investors may choose to retain the existing dwellings and generate rental income while land-banking for future development.
Located just 5km from the Brisbane CBD, the site is surrounded by the highly sought-after lifestyle precincts of Balmoral, Hawthorne and Bulimba. Morningside train station, city-bound bus services, popular cafés, shops and local parks are all within easy walking distance.
The property also sits within the Seven Hills State School catchment, with leading private schools including Lourdes Hill College, Anglican Church Grammar School (Churchie) and Cannon Hill Anglican College (CHAC) nearby.
-647sq m inner-city site zoned LMR2 with 16.7m street frontage
-Current DA approval for three multi-level townhomes
-Two existing units, each offering two bedrooms, one bathroom and garaging
-Continue renting the units and generate income while land-banking
-Develop immediately using the existing DA or redesign to suit your vision (STCA)
-Family-friendly Morningside location just 5km from the Brisbane CBD
-Minutes from blue-chip lifestyle precincts of Balmoral, Hawthorne and Bulimba
-Walk to Morningside train station, bus services, shops, cafés and parks
-Within the Seven Hills SS catchment and close to CHAC, Lourdes and Churchie
