A 1952sqm north-facing allotment backing onto Council parkland is the site for this exceptional development opportunity within an exclusive lifestyle precinct. Development Approval from the Brisbane City Council has been secured for 12 product in total (3 houses SUD and 9 townhouses MUD).

Approved plans include subdivision of the block, relocation and extension of the two existing pre-war Queensland homes and construction of a new single unit dwelling plus 9 further dual-level townhouses.

Alternatively, 37 and 39 Albert Street may represent the opportunity to acquire rare large home sites in a prestigious area. The owner will be considering all offers, including individual property contracts for each separate lot.

The existing high-set buildings, which are presently tenanted and each yielding $1560 p/m, are to be retained, raised and relocated onto 143.9sqm and 149.8 sqm adjacent, street-front lots. A new residence will be constructed directly alongside these homes, while 9 further townhouses have been approved for development on Lot 4.

Plans for each of the three and four bedroom residences include a courtyard or terrace (some also with deck) and double lock-up or tandem garage options; in addition to onsite visitor parking.

Located within a sought-after pocket of Camp Hill in a street comprising both townhouses and large homes, the site is within walking distance of the boutique Martha Street cafes, restaurants and shops, transport, top schools (within catchment of the highly-regarded Camp Hill State School), with quick access to Westfield Carindale and the CBD via arterial roads.

Capitalise on this lucrative offering and the chance to showcase diverse building expertise in a location of high exposure, million-dollar homes and sustained growth. Don’t miss this rare opportunity.

Contact us with any queries or for copies of the approved plans and full Information Memorandum.

Fundamentals:
Two pre-war character homes to be retained
BCC Development Approval to move/raise/extend existing dwellings, subdivide block, construct new residence and 9 additional townhouses (mixture of 3 and 4 bedroom)
Total land area- 1952sqm
Subdivision- Lot 1 (new single unit dwelling) 143 sqm, Albert Street frontage
-Lot 2 (existing building) 143.9 sqm, Albert Street frontage
-Lot 3 (existing building) 149.8 sqm, Albert Street frontage
– Lot 4 (9 Multi-unit dwellings) -1515sqm
Option to purchase lots separately
Location- 6km from CBD. Walking distance to Martha street precinct, transport, schools and parks.