Discover the unique and extraordinary potential at 725 Oxley Rd, Corinda! This rare and prime development site, spanning a generous 728m² block, has been approved for a luxurious 5-story apartment building. Situated in a highly sought-after location, this opportunity is a standout for developers and investors alike. The current dwelling is a charming and spacious 3-bedroom postwar home, approximately 200m², including a downstairs garage and storage space, generating $550 per week in rental income on a periodic agreement.
The approved plans for this prestigious site include a magnificent 5-story apartment building with a Gross Floor Area (GFA) of 1643m². The ground level offers secure gated parking for up to 22 cars, along with a dedicated bicycle parking area for 12 bikes, promoting an eco-friendly lifestyle. The building comprises 9 unique apartment units spread across 4 levels. This includes 7 expansive 3-bedroom, 2-bathroom units and 2 elegant 2-bedroom, 2-bathroom units, catering to diverse living needs. Additionally, the development boasts a 50m² communal area designed to foster a sense of community and belonging among residents.
The existing home on the property is well-maintained and full of character, featuring a modernized bathroom, a functional kitchen, a large living room, and a sunroom, providing comfortable living conditions. This dwelling not only generates immediate rental income but also adds intrinsic value to the property.
Live a lifestyle of unmatched convenience with easy access to Coles supermarket, multiple schooling options, and a bus stop right at your doorstep. Just 500 meters away, Corinda Village beckons with its charming shops, vibrant cafes, delightful restaurants, and a bustling atmosphere. Everything you need is within easy walking distance!
With the recent surge in property prices, spacious 3-bedroom apartment units are in great demand. This development is perfect for younger buyers eager to secure a property close to the Brisbane CBD, as well as those who have recently sold their luxury mansions in the area and are looking to downsize into something more manageable yet equally sophisticated.
This property presents an unparalleled opportunity for developers and investors to secure a prime site in Corinda. With approved plans for a high-demand luxury residential building, this is an opportunity not to be missed. Contact us today for more information and to arrange a viewing!
Features at a Glance:
• Prime development site in Corinda
• Approved for a luxurious 5-story apartment building
• Spacious 728m² block with a GFA of 1643m²
• Secure gated parking for 22 cars and bicycle parking for 12 bikes
• 9 unique apartment units: 7x 3-bedroom, 2-bathroom and 2x 2-bedroom, 2-bathroom
• Includes a 50m² communal area
• Existing 3-bedroom postwar home, approximately 200m², including garage and storage space
• Convenient location near Coles, schools, bus stop, and Corinda Village
• High demand for spacious apartments due to property price boom
• Ideal for young buyers and those looking to downsize from luxury homes
Contact us today for more information and to arrange a viewing!
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
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