Brisbane auction to donate proceeds to conservation charities

Held by the same family since 1988, the colossal holding at 33-35 Castle Hill Street represents a rare, high-yield opportunity for buyers.

Surrounded by native vegetation, the six-bedroom, three-bathroom property, with six-car undercover parking, is being marketed by Ray White Bulimba principal Brandon Wortley, and is set to go under the hammer on July 18 at 9am.

“Located just 15 minutes from the Brisbane CBD, this elite asset captures country-style seclusion, panoramic point-blank city and mountain views, and the versatile scale to become either Brisbane’s finest subdivision or a world-class trophy home site,” Mr Wortley said.

The majority of the from the auction will fund major conservation projects, including preservation of land of high conservation value and animal welfare charities.

Mr Wortley said the defining crown jewel of this massive footprint is its immense development capability.

“Allotments of this magnitude within Brisbane's tightly held inner-ring are virtually extinct, giving astute developers and land bankers the rare scale needed to execute a once-in-a-lifetime opportunity,” Mr Wortley said.

“With a sprawling master canvas to work with, the property has the highly lucrative potential to yield up to 14 brand-new residential lots (STCA) with premium envelopes positioned to capture the breathtaking, uninterrupted city and mountain skyline.

“Whether a buyer chooses to divide the site into premium, high-demand vacant parcels or construct a luxury multi-dwelling enclave, the financial upside is unmatched.”

Enhancing the immediate appeal of this estate is a highly comfortable, liveable family home already positioned on the grounds, he said.

Perfectly functional as a grand primary residence while securing development approvals, or as a premium rental asset yielding a cash flow, the two-storey renovated post-war home features multiple living areas, upper and lower verandas, a massive swimming pool, and a 3.5 meter high fenced grassed playing are the size of a tennis court.

With no removal restrictions on the existing home, buyers can safely land-bank the asset while finalising architectural blueprints, Mr Wortley said.

“The sheer size allows a buyer to retain, renovate, expand, or remove the existing home to create an architectural masterpiece of epic proportions flanked by expansive guest pavilions and multi-car garaging, completely immersed in nature,” Mr Wortley said.