24, 26, 28 University Road, Mitchelton QLD 4053

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Development Opportunity:24, 26/28 University Road, Mitchelton QLD 4053

This exclusive development opportunity consists of three contiguous blocks, each measuring 809 sqm, for a total site area of 2,427 sqm. Each block includes a house, making this an ideal investment for developers and investors seeking substantial land in a high-growth area.
Key Selling Features:
1. Large Development Site - Three blocks, each 809 sqm, with a total area of 2,427 sqm. Perfect for redevelopment, subdivision, or a large-scale residential project (STCA).
2. Flexible Zoning - Zoned LMR3 (Low-Medium Density Residential, up to 3 storeys), allowing for multiple outcomes, such as townhouses, units, or housing lots.
3. Existing Dwellings - Each block comes with a house, providing immediate holding income while development plans are underway.
4. Prime Location - Close to Mitchelton Railway Station (200 m), Brookside Shopping Centre (500 m), local schools, and other key amenities.
5. Tight Market Demand - Mitchelton is in high demand, with significant development occurring in the area, including DA-approved apartment buildings nearby.
Key Factors of the Site:
• Zoning: LMR3 (Low-Medium Density Residential, up to 3 storeys).
• Land Size: Three blocks of 809 sqm each, totaling 2,427 sqm.
• Frontage: Combined frontage of 41.8 m.
• Development Potential: Neighboring properties are undergoing redevelopment, with approved DA projects for multi-unit developments.
Transport Links:
• Rail Lines: Several Ferny Grove and Brisbane City lines are within 0.3 km.
• Bus Lines: Multiple routes to the city and surrounding suburbs are within 0.2 km, including the 361, 390, and Great Circle Line.
Nearby Amenities:
• Restaurants: Vietnamese Avachat Cafe - 0.1 km
• Coffee: Des Alpes Cafe - 0.2 km
• Bars: Brook Hotel - 0.7 km
• Groceries: IGA X-Press Mitchelton - 0.2 km
• Parks: Fenwick Park - 0.3 km
• Schools: Mitchelton Preschooling Centre - 0.3 km
• Shopping: A G Sportswear - 0.1 km
• Entertainment: Kizznit Monument - 1.7 km
• Errands: Chemmart Pharmacy - 0.1 km
Nearby Schools:
• Mitchelton State School - 0.4 km
• Grovely State School - 1.7 km
• Everton Park State School - 2.0 km
• Enoggera State School - 2.2 km
• Stafford Heights State School - 2.4 km
• Pine Community School - 2.8 km
• McDowall State School - 2.9 km
• Ferny Hills State School - 3.0 km
• Newmarket State School - 3.9 km
• Ashgrove State School - 4.1 km
• Patricks Road State School - 4.3 km
• Stafford State School - 4.3 km
Target Buyers:
• Developers - A perfect site for multi-unit or townhouse development, offering ample space, zoning flexibility, and a prime location.
• Investors - With immediate holding income from the existing houses and the potential for long-term capital growth, this site is a sound investment.
This unique development opportunity should not be missed. "Three things that don't come back: the spent arrow, the spoken word, and the lost opportunity." How often do you find three contiguous sites for sale in such a prime location?
For further information or to explore the potential, contact Becky at 0432 985 868.
Disclaimer: While we have gathered this information from sources we deem reliable, we cannot guarantee its accuracy. Interested parties should conduct their own research to verify all details independently.

Property Details

• Land Area: 2,427 m² (approx)