Ready for redevelopment and reward, this rare to market offering situated within the inner-west’s medical, allied health and professional suites precinct presents a mixed-use commercial, residential and/or retail construction opportunity granting exceptional main road exposure.
Under the current town plan, a new five-storey building is code assessable with an option for higher levels upon Development Application approval. Located within 150m of the train, Westside Private Hospital and the new Coles Local Taringa project, this elevated, former Taringa Police Station site has a wide frontage, good access and extensive off-street parking.
With a range of planning options available to explore under its district centre zoning, investors, developers and business owners will recognise the future growth potential that this well-placed property possesses.
Removable, the existing five bedroom, two bathroom timber structure is currently used as a private residence with the potential of income producing, student accommodation rooms. The house has separate living on each level, secure storage spaces, multiple undercover and open car parks, and a large, concreted turnaround area for exiting vehicles. Buyers may choose to landbank in the interim and lease as commercial premises while development plans are considered and lodged.
Central to the retail, dining and entertainment areas of Indooroopilly Shopping Centre and Toowong Village, with proximity to The University of Queensland and only 5km from the city, it is anticipated that this prime development opportunity will see great interest.
With high frequency buses and train station nearby plus a major traffic thoroughfare to allow easy connection and access, the visible location will appeal to enterprise looking to construct specialist retail, multi-level administrative or state-of-the-art health consultancy suites, and premium residential apartments.