65 & 67 Regent Street, Woolloongabba QLD 4102

Lifestyle - Perfectly positioned in an inner city cul-de-sac; less than 4km from Brisbane's CBD and within a few minutes' walk to Buranda Bus Terminal, major and strip boutique shopping centres and Princess Alexandra Hospital, is this wonderful parcel of two freestanding properties. Offering a commanding combined 1,012sqm (2 x 506sqm) of quality rezoned land (HR) this project is suitable for those developers wanting to explore redevelopment in a proven precinct that can allow potential 8-15 storeys (STCA) under its Multi Dwelling Category which is code assessable. With similar developments currently underway in the same area, this may be your only opportunity to acquire such a generously proportioned site to create an apartment building that could take advantage and capture sensational 360 degree panoramic views of Brisbane's dynamic and sprawling city skyline.

Accommodation - The two homes that occupy this site will provide you with a base rental income whilst a Development Approval is sought. Each home offers 2 bedrooms and is of original status with a weekly combined income return of $750. Neatly appointed and maintained with single car accommodation and fully fenced; each property provides a tenant signed up on a short term lease which could be easily extended for a longer period should that be the requirement from the savvy prospective buyer.

Features - Additional area highlights include SE freeway access adjacent in the next street, short walk through parkland to Stones Corner shops, cafes and eateries, easy access to Queensland University, the famous 'Gabba' and a plethora of schooling options. Accordingly, a future design may incorporate a variety of 1, 2 or 3 bedroom apartments to help accommodate the shortage of available property in the area. An outstanding opportunity to add to Brisbane's ever changing landscape!