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11 Bowen Street, New Farm, QLD, 4005
New Farm
Contract crashed – Now available $3,650,000+
The site currently has an existing, brick apartment building with 6 x two bedroom, one bathroom apartments with five existing tenancies in place generating a gross income of $90,740 per annum.
Located in New Farm the property is conveniently located a short walk from a range of amenities including Howard Smith Wharves, New Farm Boardwalk, Merthyr Village, James Street Precinct and New Farm Park. New Farm is one of Brisbane's most sought-after suburbs, located just 1.5 kilometres east of the Brisbane CBD.
A Brisbane City Council Development Approval has been granted for the development of a five-storey residential building consisting 8 x three-bedroom apartments, designed as a two per floor outcome ranging from 174m2 - 186m2 in gross size, plus 1 x 99m2 ground floor retail tenancy on the site. Designed by renowned Monster Ideas Architects.
The property offers a rare opportunity for developers and investors to secure a prime, fully approved development site in an established and highly desirable location or a quality asset with long-term land banking options.
Contact Phillip Rand to arrange a private inspection.
Contract crashed – Now available $3,650,000+
The site currently has an existing, brick apartment building with 6 x two bedroom, one bathroom apartments with five existing tenancies in place generating a gross income of $90,740 per annum.
Located in New Farm the property is conveniently located a short walk from a range of amenities including Howard Smith Wharves, New Farm Boardwalk, Merthyr Village, James Street Precinct and New Farm Park. New Farm is one of Brisbane's most sought-after suburbs, located just 1.5 kilometres east of the Brisbane CBD.
A Brisbane City Council Development Approval has been granted for the development of a five-storey residential building consisting 8 x three-bedroom apartments, designed as a two per floor outcome ranging from 174m2 - 186m2 in gross size, plus 1 x 99m2 ground floor retail tenancy on the site. Designed by renowned Monster Ideas Architects.
The property offers a rare opportunity for developers and investors to secure a prime, fully approved development site in an established and highly desirable location or a quality asset with long-term land banking options.
Contact Phillip Rand to arrange a private inspection.
