120 Terrace Street, New Farm. First time on the market in 39 years, this true once in a generational residential asset will be the crown jewel in any residential or commercial portfolio.
• Exceptionally well maintained facility with outstanding long term occupancy
• Configuration: 36 studio units - all with private kitchen and balcony
• Unmatched amenity - 2 min walk to the heart of James Street
• Land size of 1,131m² offering numerous redevelopment options
• Capitalise on the huge demand for entry level rental accommodation in Inner City Brisbane
• Potential Market Income of $617,348 pa
• Huge additional rental upside available by altering current design
• Positioned only 1.5km* from Brisbane CBD
• Future redevelopment site -no heritage restraints or restrictive overlays
• Significant infrastructure charges credit for any redevelopment
• Currently Zoned Low-medium density residential (2 or 3 storey mix) but scope and need to increase (subject to council approval)
• Walkable Amenity includes:
- James Street precinct (restaurants, bars, cafes, cinema, retail)
- New Farm Park & Powerhouse Arts Centre
- Merthyr Village (includes Coles)
- Brisbane River Walkway
- Surrounded by parks, cafés, gyms, and everyday amenities
- Excellent public transport - bus and ferry
Detailed information package available on request.
Scott Darwon 0401 151 090
Andrew Burke 0417 606 128
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