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RAINE & HORNE
Map24, 26, 28 University Road, Mitchelton, QLD 4053
For Sale
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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.
Becky Barron
Sales Agent
Got a property to sell? Contact us for a free Request Appraisal
Property Info:
- Property ID: L31247055
- Property Type:Land
- Land Area:2427 sqm
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