Auction Location: On-Site
Opportunities of this caliber in Bulimba are virtually non-existent. Representing a tightly held 809m² landholding positioned literally one door off Oxford Street, 12 Smallman Street combines secure, multi-tenant holding income with unmatched long-term development upside in Brisbane's premier lifestyle pocket.
Whether you are looking to landbank an irreplaceable blue-chip asset, execute a high-yield cosmetic refurbishment, strata-title the existing block, or capitalize on emerging LMR planning reforms for a boutique luxury project, this is a strategic acquisition of rare pedigree.
Property Highlights
- The Ultimate Location: Situated approx. 10 meters off Oxford Street, placing the Bulimba lifestyle of cafes, dining, boutique shopping, the Cineplex, top schools, and the Bulimba CityCat terminal within an effortless walk.
- Underutilised LMR2 Landholding: Generous 809m² parcel with expansive 20m frontage, perfectly positioned to capture maximum future value under Brisbane City Council's evolving 'More Homes, Sooner' planning framework.
- Solid Block of 5 Brick Flats: Low-maintenance brick configuration comprising 2 x 2-bedroom and 3 x 1-bedroom units. All 5 units feature independent utility metering and dedicated lock-up garages.
- Immediate Cash Flow: Backed by strong historical occupancy and robust baseline holding income in a record-low vacancy market, allowing you to earn while you plan your next move.
- Endless Strategic Upside (STCA)
- Redevelop: Capitalize on increased height limits, streamlined assessment pathways, and smart parking efficiencies on LMR-zoned land near high-frequency transport corridors.
- Strata-Title: Unlock immediate retail margins by strata-titling the 5 individual units under a Community Title Scheme to target high-demand single-unit buyers in 4171.
- Value-Add: Execute targeted cosmetic upgrades across the existing flats to dramatically elevate rental returns and build instant equity.
- Hold & Landbank: Secure a generational footprint in Bulimba's most convenient retail fringe with five independent income streams.
Properties in this immediate Oxford Street enclave are fiercely contested and rarely offered to the open market.
To obtain the comprehensive Information Memorandum—including financial summaries, lease details, outgoings, and preliminary due diligence material - enquire now.
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.
