Lucrative Development site – LMDR zoning , 5 minutes from Brisbane CBD / Great investment opportunity

“Westminster house” in Annerley is a versatile site close to the amenities – shops , transport , library , restaurants offering a range of options for the developer or investor. Currently operating as a fully licensed level 2 Assisted care facility , the site could potentially be repurposed by exploring MCU options . ( Child care , Aged care , medical facility or a townhouse/apartment development project STCA).

Please call Gok on 0435 654 672 for private inspections. ( Financial statements available on request )

SITE FEATURES :

* 4,035sqm site across four adjacent lots offering superb views of Brisbane city
* close to shopping precinct and transport – bus and rail only 4 km south of the Brisbane CBD
* Two street access with 127.3 metres of street frontage
* An existing 36 rooms & 1,390sqm of building area as an assisted care home
* Potential Height: 3 storeys or 11.5 metres (additional height relaxations subject to council approval)
* Site Cover: Up to 45% being 1,815sqm per level (additional coverage relaxations subject to council approval)
* Potential 5,445sqm* of Gross Floor Area (GFA) over 3 levels under current parameters.
* significant priority area for Build to Rent development project

OPTIONS :

1) Continue to run it as an assisted care facility

2) Improve existing facility and make additions to potentially double the revenue

3) Explore development options – site diagonally opposite has been approved for a 5 storey ,139 room residential care facility

PRIME LOCATION + PERFECT TIMING = LUCRATIVE OPPORTUNITY

Take advantage of the severe housing shortage and lack of land in Brisbane with this 1 acre of real estate gold in a prime location. Infrastructure upgrade and surging population growth , turbo charged by the 2032 Olympics will ensure rapid capital growth. Brisbane has now surpassed Melbourne as the second strongest property market. The timing could not be more favourable – Act quickly and decisively and secure this lucrative opportunity in Booming Brisbane.

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