Prime Development Opportunity DA in place, City Views, Super Location
Email agent to receive a copy of the Information Memorandum, Comparable Sales and DA plans.
Set in a highly sought after pocket of Kelvin Grove, this prime piece of land is one of very few remaining opportunities in the suburb (and those surrounding) to develop new townhouses and apartments. Approved DA for 20 units is made up of 8 Townhouse style units with courtyard access and 12 Apartments ranging between 1-3 Bedrooms.
The architect for this project is Push architects led by Paul Curran who is well-known in Brisbane for designing some of Brisbane's favourite complexes. The final plans have been designed to suit a mix of down-sizers, city apartment dwellers and for investment purchase.
The views from this site include lovely city views to the front and pan around to the hills to west (Mt Nebo, Mt Coottha and Mt Glorious) and across the back of Kelvin Grove, Newmarket and Alderley. We think the mountain and suburban outlooks are just as spectacular as the city; wherever you look from your views are exceptional.
The current buildings offer rental income whilst you finish your development planning:
6 Prospect Tce, Kelvin Grove - 3 Bedroom, 1 Bathroom, 2 Car Garage. Highset brick home. Currently leased furnished for $505.00/week with a fixed term leased finishing in November.
10 Prospect Tce Kelvin Grove - Made up of 5 units over three levels. Units 1-4 all have 1 Bedroom, 1 Bathroom and 1 Car Garage. Unit 5 has 6 Bedrooms, 2 Bathrooms, and 2 Car Garage. The one bedroom units rent between $300.00 and $325.00 per week. Unit 5 is rented per room for between $160-$200/week depending on time of year.
The property comprises of 1,641sqm, approximately 19-38metres wide (across different sections of the site) and 28-54metres in length (across different section of the site). The property has a gradual to strong backward slope from street level. The front of the block faces South- South East and the back North - North West.
City views are present from the front of the block to the South East. Mountain views to the West, and Suburban and green views to the North.
About the Location: Tucked away in the inner northern suburbs of Brisbane, Kelvin Grove may be best known as home of the celebrated Kelvin Grove Urban Village, which includes the Queensland University of Technology Campus. Kelvin Grove also sees a lot of families purchasing in the area in order to be eligible for the popular Kelvin Grove State College.
Known for its quaint Pre-war Queenslander and workers cottage style homes, Kelvin Grove is understandably a very popular place to live, as it also provides the perfect quiet yet connected' lifestyle.
Kelvin Grove is fast catching up to its trendy neighbours in Paddington, Spring Hill, Petrie Terrace and Wilston, with a growing culture of quirky cafes and eateries, great parklands and the opportunity to get to the vibrant local markets each Saturday. Located closely to its neighbours, you will enjoy all they have on offer as well. A major investment hub for big business, government and council, Kelvin Grove shines as one of Brisbane's key growth suburbs.
Kelvin Grove is also within easy reach of the interesting and quirky shops to be found in nearby suburbs of Paddington, Redhill and The Barracks. Visit the cinema, a restaurant or browse vintage and designer fashion shops, antique and second-hand treasures, retro goodies, home wares and artwork. Something for everyone!
Features include: Air Conditioning,Close to Schools,Close to Shops,Close to Transport,Terrace-Balcony