5-7 Clarence Street, SOUTH BRISBANE, QLD, 4101, PRIME INVESTMENT AND DEVELOPMENT OPPORTUNITY NEXT TO THE MATER HOSPITAL - BRISBANE STATE HIGH CATCHMENT

FOR IMMEDIATE SALE

Bedroom 8
Bathroom 8
Carspace 6

The Sale of these neighbouring inner-city properties right next to the Mater Hospital as one site is a rare opportunity for developers or astute investors to secure an enormous 850sq m slice of the competitive South Brisbane market.

Zoned as low-medium density residential (LMDR) allows for the construction of a range of buildings up to 765sq m.
Subject to council approval, there is the potential to create a medical facility, apartment complex, student accommodation, a post-hospital healthcare facility, a specialist medical centre, commercial office suites or even a multi-level carpark.

The location alone, opposite the Mater Private Hospital is phenomenal. Walk to the CBD, QUT, South Bank TAFE, Kangaroo Point, Lady Cilento Children's Hospital, the Gabba, West End State School, Brisbane State High School, Somerville House and St Laurence's College.

The houses are currently leased as a total seven self-contained flats with a holding income of $98,000 per annum.
Maintain as is, renovate one or both and move in, or demolish with approval and create a rewarding development.

South Brisbane was ranked recently as THE most livable suburb in Brisbane (https://www.realestate.com.au/news/its-official-brisbane-is-more-liveable-than-melbourne/) According to Pricefinder the Median Sales for houses in Brisbane in 2016 was $1,691,000.

Summary:
+ 850sq m land with 29m street frontage
+ Zoned low-medium density residential
+ Enormous development scope
+ Two houses currently leased as seven self-contained flats
+ Holding income of $98,000/annum
+ Opposite Mater Private Hospital (one of the largest hospital prescient in the Southern Hemisphere)
+ Walk to the CBD, South Bank, West End, QUT, Gabba stadium and Brisbane's best schools including Brisbane State High Catchment



Property features

BROADBANDOUTDOOR ENTERTAINING AREAAIR CONDITIONINGBALCONYDECKOUTDOOR ENTERTAINING AREASHED


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