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3 Montpelier Road, Newstead, QLD 4006

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3 Montpelier Road, Newstead, QLD 4006

3 Montpelier Road, Newstead, QLD 4006

Properties / Buy / Queensland / Newstead
Development Potential
Property Type
Residential, Commercial, Mixed Use
Sub Type
Apartment Sites, Retail/Shopping Centre, Land Site
Land Area
5,141 m² (*approx)
Zoning
MU1 Mixed-Use
LGA
Brisbane City
Selling Method
EOI: EOI Closing Thursday 21st May 2pm (AEST)
DOCUMENTS AVAILABLE
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Trophy Newstead 5,141sqm* Corner Landholding

Ray White Retail, MP Commercial and Ray White Special Projects (QLD) are proud to present 3 Montpelier Road, Newstead. For sale by Expressions of Interest closing Thursday 21st May at 2pm (AEST).

1. Location

• A rare opportunity to acquire a premium Newstead landholding

• Prominent 5,141sqm* corner site with exposure to over 400,000 vehicles weekly

• Positioned at the strategic meeting point of Newstead, Fortitude Valley and Bowen Hills, three of Brisbane's most tightly held inner-city precincts

• Newstead is Brisbane's preeminent luxury apartment market, with prices exceeding $2 million as supply continues to be constrained

2. Develop

• Demolition clauses in all leases, allowing development to commence after 12 months

• MU1 Mixed-Use Zoning

• Currently zoned for 5-storey development, with council acknowledging that additional building height on the site may be supported through a performance-based planning outcome

• Ongoing redevelopment of the neighbouring precincts demonstrates a clear trend toward increased density and height within the broader inner-city corridor

3. Invest

• Existing 3,397sqm* fully leased LFR centre with national brands including Beaumont Tiles & Highgrove Bathrooms

• 3.48 Year WALE with guaranteed annual rental increases

• Current Net Income of $1,272,936 + GST p.a.

• 34 On-Site Car Parks

Remember to mention you found this property on DevelopmentReady

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Development Potential

3 Montpelier Road Development Site Summary

Property Type
Residential, Commercial, Mixed Use
Sub-type
Apartment Sites, Retail/Shopping Centre, Land Site
Land Area
5,141 m² (*approx)
MU1 Mixed-Use
Brisbane City
Selling method
EOI: EOI Closing Thursday 21st May 2pm (AEST)
DOCUMENTS AVAILABLE
Gain Access

Development Site Highlights

Trophy Newstead 5,141sqm* Corner Landholding

Ray White Retail, MP Commercial and Ray White Special Projects (QLD) are proud to present 3 Montpelier Road, Newstead. For sale by Expressions of Interest closing Thursday 21st May at 2pm (AEST).

1. Location

• A rare opportunity to acquire a premium Newstead landholding

• Prominent 5,141sqm* corner site with exposure to over 400,000 vehicles weekly

• Positioned at the strategic meeting point of Newstead, Fortitude Valley and Bowen Hills, three of Brisbane's most tightly held inner-city precincts

• Newstead is Brisbane's preeminent luxury apartment market, with prices exceeding $2 million as supply continues to be constrained

2. Develop

• Demolition clauses in all leases, allowing development to commence after 12 months

• MU1 Mixed-Use Zoning

• Currently zoned for 5-storey development, with council acknowledging that additional building height on the site may be supported through a performance-based planning outcome

• Ongoing redevelopment of the neighbouring precincts demonstrates a clear trend toward increased density and height within the broader inner-city corridor

3. Invest

• Existing 3,397sqm* fully leased LFR centre with national brands including Beaumont Tiles & Highgrove Bathrooms

• 3.48 Year WALE with guaranteed annual rental increases

• Current Net Income of $1,272,936 + GST p.a.

• 34 On-Site Car Parks

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential

Finance Calculator

3 Montpelier Road, Newstead, QLD 4006

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Property Location of 3 Montpelier Road, Newstead, QLD 4006

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