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SPRING HILL
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SPRING HILL, QLD
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607sqm Holding, 15-Storey Potential and $140k Income - 37DS
Spring Hill, QLD, 4000
Accommodation/tourism
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Motel
DEVELOPMENT OPPORTUNITY for $4.5M
DEVELOPMENT SITEPositioned in the heart of Spring Hills medical and Olympic precinct, this high-yield mixed-use asset offers a rare combination of immediate cash flow and landmark development upside.The Opportunity: - Development Upside: Prime 607sqm site with DC1 District Centre zoning, allowing for up to 15 storeys (STCA). - Strong Holding Income: Diversified gross annual income exceeding $140,000. - Mixed-Use Profile: Two established retail tenancies plus two recently renovated residential units (2-bed & 3-bed). - 2032 Olympic Precinct: Direct proximity to Victoria Parkthe "centre stage" for the Brisbane 2032 Gamesand adjacent to St Andrews War Memorial Hospital. - Turnkey Asset: Ample on-site parking and private driveway access in a tightly held inner-city pocket.This is a blue-chip acquisition for developers and land-bankers looking to capitalise on Brisbanes rapid growth and the infrastructure boom of the 2032 Olympics.Asking Price: $4,500,000 (Submit your best offer)Submissions close: 28th April at 5:00 PM Inspections by appointment.Contact us today to arrange a private viewing or request the information memorandum.Property Code: 5434
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