Prime Investment or Development Opportunity in the Olympic Precinct

This is your chance to secure a prime 885sqm inner-city site boasting an outstanding
investment and development opportunity in the 2032 Olympic Games precinct.
Returning $170,000 per year, the 13-room student accommodation is zoned Medium Density
Residential and has Town Planning reports to support a new development up to 5 storeys
(STCA).

These strong returns will benefit investors looking to add a versatile holding to their
portfolio or developers while they go through the planning process to construct a brand-
new inner-city residential offering.

In the heart of the Olympic Games precinct, 500m from The Gabba and the upcoming Cross
River Rail, this is the time to secure this exceptional riverside property. Walking distance
from the Kangaroo Point Cliffs, boardwalk, cafes, restaurants, shops, Story Bridge, and the
new CBD pedestrian bridge, this is a highly sought-after lifestyle address.

3km from the CBD, 1.6km from South Bank, and in excellent proximity to QUT, Mater
Hospital, Qld Children's Hospital, PA Hospital, bus stops, CityCat and M3 - this is the
ultimate site for your next investment or development project.

Property highlights:
- Remarkable investment and development opportunity
- Prime position in the 2023 Olympic Games precinct
- 885sqm site with north/south aspect and 20m frontage
- Zoned Medium Density Residential
- Development opportunity to build up to 5 storeys (STCA)
- Current student accommodation returning $170,000 per year
- 13 rooms, 12 bathrooms (11 ensuites) and 2 powder rooms
- Each room features built-in robes and air-conditioning
- 2x communal living areas and 2x communal kitchens
- Shared balcony, patio, lawns and laundry
- 5 on-site car spaces and ample street parking
- 500m to The Gabba and Cross River Rail
- 3km to CBD and 1.6km to South Bank
- Excellent access to transport, universities and hospitals

Explore the area

School catchments

St Joseph's Primary School Primary Prep-6 Catholic 0.43km
East Brisbane State School Primary Prep-6 Government 0.55km
Somerville House Combined Prep-12 Independent 1.2km
St Laurence's College Combined 5-12 Catholic 1.3km
Anglican Church Grammar School Combined Prep-12 Independent 1.3km
Australian International Islamic College - Buranda Campus Combined Independent 1.5km
Dutton Park State School Primary Prep-6 Government 1.6km
Coorparoo Secondary College Secondary 7-12 Government 1.7km
Brisbane School of Distance Education Combined Prep-12 Government 1.7km
Coorparoo Centre for Continuing Secondary Education Secondary Government 1.7km
Buranda State School Primary Prep-6 Government 1.8km
Brisbane State High School Secondary 7-12 Government 1.9km
Brisbane South State Secondary College Secondary 7-11 Government 1.9km
St Ita's Regional Primary School Primary Prep-6 Catholic 2.0km
Holy Spirit School Primary Prep-6 Catholic 2.1km
Villanova College Combined 5-12 Catholic 2.2km
St George College Primary Independent 2.2km
Indie School, Logan - Brisbane City Campus Secondary Independent 2.2km
The BUSY School - Brisbane Campus Secondary Independent 2.2km
St James College Combined 5-12 Catholic 2.4km
All Hallows' School Combined 5-12 Catholic 2.4km
Lourdes Hill College Combined 5-12 Catholic 2.5km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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