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151 Sydney Street, New Farm, QLD 4005

2. Property Highlights

DA Approved New Farm Development Site (3 x Whole Floor Luxury Residences)

RWC Queensland and Ray White New Farm have the pleasure to offer 151 Sydney Street New Farm, Brisbane Queensland, to the market.

A rare development site opportunity situated less than 2 kilometres* east of the Brisbane CBD on the doorstep of New Farm Park in the enviable "blue chip" location of Sydney Street New Farm. This 506m²* site is zoned Low-medium density residential (LMR3) and sits within the 'Waterfront Precinct' of the Newstead and Teneriffe Waterfront Neighbourhood Plan area.

The site is currently improved by an existing house (3-Bedroom/2-Bathroom/1-Car) with 156m²* floor area, provided vacant possession.

The site offers multiple opportunities (STCA^) including:

- Develop the DA approved boutique luxury residential apartment scheme;

- Build a single trophy home;

- Invest and rent the existing house; or

- Occupy the existing house.

A neighbourhood with a resounding sense of exclusivity, New Farm effortlessly fuses abundance and simplicity. The inner-city locale is defined by a revere-like calm, owed to the wide leafy streets, restored heritage homes and plentiful green space. As one of the city's most exclusive lifestyle precincts, New Farm is also home to a selection of designer retail boutiques and an ever-growing collection of delectable fare. Indulge in lavish eats, unwind at sophisticated bars and enjoy the simple pleasure of time spent in good company - it's the perfect place for established professionals, young families and mature couples alike.

Summary of Development Approval:

- Inspired by the nostalgia of a European postcard, the project is branded "Modena"

- 3 x 4-Bedroom/4-Bathroom/2-Car (Whole Floor) Luxury Residences

- Residence 1 (Level 1) - 211.6m²* (176m²* Internal + 31.6m²* External + 4m²* Storage)

- Residence 2 (Level 2) - 199.5m²* (158m²* Internal + 39.2m²* External + 2.3m²* Storage)

- Residence 3 (Level 3/Roof Terrace) - 224.1m²* (158m²* Internal + 39.2m²* External + 23.2m²* Roof Terrace + 3.7m²* Storage)

- Designed by Surry Hills Sydney based PTI Architecture

- DA Currency Period - Ends 18 September 2028

Don't miss this rare opportunity to secure a piece of this exclusive and very tightly held "blue-chip" enclave.

For Sale via Auction, In-Room, on Thursday 14 December 2023 at 4.00pm (AEST).

In-Room Auction Location:

Level 26, 111 Eagle Street, Brisbane QLD

*Approximately (radial km)

^Subject to Council Approval

Image outlines/labels and artist impressions indicative only

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3. Property Location

151 Sydney Street, New Farm, QLD 4005

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4. Due Diligence

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151 Sydney Street, New Farm, QLD 4005 New Farm