101-105 Mount Gravatt Capalaba Road, Upper Mount Gravatt QLD 4122

Offers over $2.5 million

High Density Residential Development Site - 12km to Brisbane CBD

• Development & Build Approval for 53 Units (Lapsed 2024)
• 31.65m Street frontage to Mt Gravatt-Capalaba Rd
• 1376m2 Site area

This property is strategically located in the thriving and highly sought-after suburb of Upper Mount Gravatt, just 12 km southeast of Brisbane's CBD. It benefits from a prominent position, being only 800 meters from Garden City Shopping Centre and the Southeast Busway, with top-quality educational facilities within 1 km and excellent motorway connectivity.

Located in the High Density Residential zone this property allows for a unit complex to be built up to 8 levels. The current owners of the property had Development Approval & Building approval which recently lapsed to build 53 Units made up of 9 one-bedroom units and 44 two-bedroom units.

For developers, this site presents a compelling opportunity. The median price of units in Upper Mount Gravatt has surged by an impressive 17.7% over the past year alone, underscoring the strong demand and growth potential in the area. This trend highlights the site's potential for a lucrative development project, making it an exceptional investment for a new unit complex.

You have the flexibility to leverage the extensive information, approvals, and due diligence that the current owners have meticulously prepared as a solid foundation for your development project. Alternatively, you can choose to start anew and chart your own project direction, tailoring the development to your specific vision and objective.

Seize a remarkable development opportunity located just 15 kilometers from the central Olympic venues of the 2032 Games. This site offers a strategic advantage for developers poised to leverage the global attention and growth anticipated for the area.

The exceptional connectivity to premier public transport networks and proximity to a dynamic retail environment-teeming with employment prospects-make it an ideal candidate also for affordable housing initiatives. Position yourself at the forefront of this high-potential market and capitalize on this unparalleled opportunity.

Key Amenities and Distances:
• Garden City: 800 meters
• Club Southside: 350 meters
• Southeast Busway (Garden City): 800 meters
• Up and Mount Gravatt State School: 800 meters
• University of Queensland Nathan Campus: 3.2 kilometers
• Mount Gravatt State School: 2.9 kilometers
• Wynnum State School: 1.4 kilometers
• McGregor High School: 1.8 kilometers
• Clairvaux MacKillop College: 1.3 kilometers
• Dining options can be found within 200 meters of the property.

Property Details

• Land Area: 1,376 m² (approx)