120 Terrace Street New Farm, QLD 4005

120 Terrace Street, New Farm. First time on the market in 39 years, this true once in a generational residential asset will be the crown jewel in any residential or commercial portfolio.

• Exceptionally well maintained facility with outstanding long term occupancy
• Configuration: 36 studio units - all with private kitchen and balcony
• Unmatched amenity - 2 min walk to the heart of James Street
• Land size of 1,131m² offering numerous redevelopment options
• Capitalise on the huge demand for entry level rental accommodation in Inner City Brisbane
• Potential Market Income of $617,348 pa
• Huge additional rental upside available by altering current design
• Positioned only 1.5km* from Brisbane CBD
• Future redevelopment site -no heritage restraints or restrictive overlays
• Significant infrastructure charges credit for any redevelopment
• Currently Zoned Low-medium density residential (2 or 3 storey mix) but scope and need to increase (subject to council approval)
• Walkable Amenity includes:
• James Street precinct (restaurants, bars, cafes, cinema, retail)
• New Farm Park & Powerhouse Arts Centre
• Merthyr Village (includes Coles)
• Brisbane River Walkway
• Surrounded by parks, cafés, gyms, and everyday amenities
• Excellent public transport - bus and ferry

Detailed information package available on request.

FOR SALE via Public Auction
Date March 27th 12:30pm

Venue:
Ray White New Farm
612 Brunswick St New Farm

Scott Darwon 0401 151 090
Andrew Burke 0417 606 128