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Positioned on a substantial 1.49-hectare site, 358 Manly Road presents a rare and compelling opportunity for developers and investors seeking scale, flexibility, and strong fundamentals in Brisbane's eastern corridor. With existing income in place and an approved pathway for future development, this is a site that delivers both immediate returns and long-term upside.
The property currently comprises six income-producing townhouses, each offering three bedrooms, two bathrooms, and double car accommodation, providing a solid holding income while future stages are planned. Adding to the appeal is an existing development approval for a further 29 townhouses positioned to the rear of the site, allowing for staged delivery while retaining the front asset.
Features we love:
- Substantial 1.49ha landholding offering scale rarely seen this close to major infrastructure
- Six existing, income-producing townhouses (3 bed, 2 bath, 2 car)
- Currently returning $217,100* gross p/a
- Development approval in place for an additional 29 townhouses
- Approved scheme with 27% site coverage for the new development
- Ability to stage development while maintaining holding income
- Efficient townhouse product aligned with current market demand
- Strong fundamentals for owner-occupier and investor resale
- Flexible future options subject to further optimisation
Located within Brisbane's tightly held eastern corridor, the site benefits from proximity to major transport routes, employment hubs, shopping precincts, and the lifestyle amenities of the Bayside. Demand for medium-density townhouse product in this region continues to strengthen, underpinned by population growth, affordability pressure, and buyer preference for low-rise, community-style developments.
Development opportunities of this scale, with income and approvals already in place, are exceptionally rare - enquire today.
Price Disclaimer: This property is being sold by Tendor or without a price, and therefore a price guide cannot be provided. As per legislation governed by the 2014 Property Occupations Act, we CANNOT disclose any price expectations for sales via public auction in Queensland.
Remember to mention you found this property on DevelopmentReady
Positioned on a substantial 1.49-hectare site, 358 Manly Road presents a rare and compelling opportunity for developers and investors seeking scale, flexibility, and strong fundamentals in Brisbane's eastern corridor. With existing income in place and an approved pathway for future development, this is a site that delivers both immediate returns and long-term upside.
The property currently comprises six income-producing townhouses, each offering three bedrooms, two bathrooms, and double car accommodation, providing a solid holding income while future stages are planned. Adding to the appeal is an existing development approval for a further 29 townhouses positioned to the rear of the site, allowing for staged delivery while retaining the front asset.
Features we love:
- Substantial 1.49ha landholding offering scale rarely seen this close to major infrastructure
- Six existing, income-producing townhouses (3 bed, 2 bath, 2 car)
- Currently returning $217,100* gross p/a
- Development approval in place for an additional 29 townhouses
- Approved scheme with 27% site coverage for the new development
- Ability to stage development while maintaining holding income
- Efficient townhouse product aligned with current market demand
- Strong fundamentals for owner-occupier and investor resale
- Flexible future options subject to further optimisation
Located within Brisbane's tightly held eastern corridor, the site benefits from proximity to major transport routes, employment hubs, shopping precincts, and the lifestyle amenities of the Bayside. Demand for medium-density townhouse product in this region continues to strengthen, underpinned by population growth, affordability pressure, and buyer preference for low-rise, community-style developments.
Development opportunities of this scale, with income and approvals already in place, are exceptionally rare - enquire today.
Price Disclaimer: This property is being sold by Tendor or without a price, and therefore a price guide cannot be provided. As per legislation governed by the 2014 Property Occupations Act, we CANNOT disclose any price expectations for sales via public auction in Queensland.
Remember to mention you found this property on DevelopmentReady
