54-56 Manchester Terrace, Indooroopilly QLD 4068

A rare Indooroopilly opportunity offering scale, elevation and exceptional development potential, 54-56 Manchester Terrace presents one of the suburb's most versatile landholdings - an 810m² double lot with existing demolition approval and sought-after LMR (Low–Medium Density Residential) zoning.

Positioned high on the ridge with sweeping outlooks and cooling breezes, this property gives buyers enormous flexibility: redevelop, subdivide, land-bank or renovate. With two existing lots on one title, the future upside is compelling, whether your vision is a luxury new home, dual new builds, or a boutique multi-residential project (STCA).

Development & Investment Highlights

• 810m² across two lots (1 title)
• LMR2 zoning – 2–3 storey mix
• Demolition approval in place to remove the existing pre-war home
• Potential for subdivision, luxury homes, townhomes or multi-residential development (STCA)
• Elevated position with district views and potential for city views
• Over 20m frontage
• Rare Indooroopilly infill development site
• Cashflow potential: current dwelling can be leased while preparing approvals or land-banking

Existing Dwelling – Dual Living & Immediate Income Potential

Warm, inviting and full of character, the current pre-war home includes high ceilings, VJ walls, timber floors and excellent indoor–outdoor flow. Configured for dual living, it offers two self-contained spaces ideal for multi-generational households or rental income streams.

Features include:
• 4 bedrooms across two levels
• Separate living spaces and outdoor entertaining zones
• Full kitchen, bathroom and bedroom on the ground floor
• Large saltwater swimming pool
• Elevated entertaining decks capturing breezes
• Practical layout with strong rental appeal

Whether retained for passive income or removed to unlock the site's full development potential, the existing home provides flexibility rarely available in such a premium location.

Unbeatable Location – Walk to Everything

Surrounded by high-performing schools and major transport links, this address offers unmatched convenience:
• Indooroopilly Shopping Centre
• Taringa Train Station
• Indooroopilly State School
• Brisbane Boys' College
• St Peters Lutheran College
• QASMT
• Local parks, cafes and bus routes

School catchments and nearby options include:

• Holy Family Primary (760m)
• Brigidine College (818m)
• Indooroopilly State School (1.03km)
• St Peters Lutheran College (1.4km)
• BBC (1.43km)
• Montessori Children's House (500m)
• Toowong State School (2.1km)

A Rare Indooroopilly Offering

Opportunities of this scale and versatility in central Indooroopilly are few and far between. Whether you are a developer, investor, builder or owner-occupier seeking a blue-chip site with long-term upside, 54 Manchester Terrace delivers an exceptional foundation for your next project.

Act fast - premium double lots with demolition approval in this precinct are extremely tightly held.