For Sale - Approved High Density Residential Development Site with Holding Income
Colliers is pleased to present this Development Approved High Density Residential Development site to the market.
The property is situated within the highly sought after established suburb of Upper Mount Gravatt, being approximately 11km (radially) south-east of the Brisbane CBD. Upper Mount Gravatt is a gentrifying suburb located amongst an abundance of lifestyle amenity (including Westfield Garden City), high quality educational facilities as well as excellent connection to public transport and major road networks.
The property allows the incoming purchaser to take advantage of an existing development approval for 78 residences or capitalise on the site’s holding income whilst bringing their own vision to life. Concept plans for a 17 x townhouse / terrace homes development have been prepared.
35 - 41 Mascar Street’s underlying High Density Residential zone allows for multiple redevelopment outcomes (STCA). Combining this with it’s highly sought after location and current holding income makes this opportunity one not to miss out on.
For further information or to organise an inspection, please contact the exclusive agents.
*Approx
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