Unlock the potential of this prime development opportunity at 47 Wellington Street, Petrie Terrace. Comprising three separate units on a 506m2 split block, this property presents an enticing prospect for investors, developers and builders alike looking to capitalise in a sought-after area.

Strategically positioned just a 5-minute walk from Brisbane Grammar School and Brisbane Girls Grammar School and a mere 1km from the bustling Brisbane CBD, this location offers unrivalled convenience and potential. Nestled in a quiet and elevated position, the property enjoys a perfect northerly aspect, providing an ideal setting for future development. Each unit offers a fluid floorplan with a neat and tidy kitchen, living and dining space, and each are serviced by a central bathroom. With two lots of 253m2 each, totalling 506m2, the possibilities are endless. Whether you're looking to capitalize on the high demand for inner-city living, create luxury townhomes, or develop a bespoke residential complex, this property offers the canvas for your vision to come to life (subject to council approval).

Highlights:

Double street frontage (Wellington Street & Wellington Lane)
Wide 17.8m frontage
Spans 2 lots of 253m2 each
2 x 1-bed units, 1x 4-bed unit
Situated in a tranquil, elevated position
1km from the Brisbane CBD
Perfect northerly aspect

Whether looking to redevelop immediately or land bank with an eye for future gains, this property promises significant potential. Seize the chance to create a landmark development in one of Brisbane's most desirable neighbourhoods. Don't miss this opportunity to shape the future of Petrie Terrace. Call me now on 0411531996 if you wish to secure your private inspection,


Disclaimer:

Whilst all reasonable attempts have been made to verify the accuracy of the information provided, the Selling agents confirm that they cannot guarantee accuracy of the same and accept no liability (express or implied)in the event that any information contained in the document or provided within is inaccurate. Parties must ensure they make their own due diligence enquiries to satisfy themselves about the accuracy of the information. This information provided is indicative only and must not be relied upon unless confirmed by a party through their own due diligence.