/
Images
×
21 & 23 Norman Avenue, LUTWYCHE, QLD 4030
Images
Virtual Tour
Video

Property Highlights

4 Adjoining Lots Totalling 1,620sqm in Lutwyche
  • Gateway inner-city development site
  • Potential 3,240 sqm of Gross Floor Area
  • 4 adjoining lots totalling 1,620 sq m*

Savills are selling 4 adjoining, high density residential lots totalling 1,620sqm, situated at 21 - 23 Norman Avenue, Lutwyche.

The property has 40 metres of street frontage and is adjacent to the Lutwyche transit interchange, the facilities of Lutwyche City Shopping Centre and 6 kilometres* north of the Brisbane CBD.

Property Highlights

- Gateway inner-city development site located just 6 kilometres* north of the Brisbane CBD.

- 4 adjoining lots totalling 1,620 sq m* with 40 metres of street frontage.

- Potential 3,240 sqm of Gross Floor Area (GFA) over 5 levels.

- Currently located on site are 2 houses which provide potential for holding income or to be removed and sold separately.

- Median house price within Lutwyche over the last year range from $1,180,000 for houses to $447,500 for units. Lutwyche has seen a compound growth rate of 37.2% for houses and 9.1% for units.

- The properties are well connected and within walking distance to public transport and a range of world class amenities.

- Brisbane is experiencing significant growth following considerable Public and Private spending on key infrastructure projects across the region in addition to the recent successful tendering of the 2032 Olympic Games.

CLOSING DATE FOR OFFERS

4PM THURSDAY 18 AUGUST 2022

Remember to mention you found this property on DevelopmentReady

calculator-icon Yield Calculator
calcultor-icon Yield Calculator
×
$ ×
$ ×
%

Due Diligence Tool

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Enquire Now