Unparalleled Development Opportunity in Brisbane's Premier Residential Suburb
On behalf of Ozcare, Colliers, in conjunction with Gallus Partners, is proud to present 424 Bowen to the market.
Located in the highly sought-after suburb of New Farm, '424 Bowen' offers unparalleled access to the Brisbane River and iconic destinations such as James Street, Howard Smith Wharves, and New Farm Park.
The site's prestigious location, flexible planning potential, and proximity to the CBD, Brisbane River, and New Farm's vibrant lifestyle amenities make '424 Bowen' an ideal foundation for a landmark project. This presents a rare, once-in-a-lifetime opportunity to create a legacy that will redefine urban living in New Farm and Brisbane’s inner-north. The existing structures are set to be demolished, with the site fully cleared and existing services capped.
Key Property Features:
- A highly rare, consolidated development site of 5,727m²* with three street frontages, situated in the heart of New Farm.
- Located just 1.6 kilometres* from Brisbane CBD, with access via multiple bus routes, CityCat ferry services, and a 15-minute* drive to Brisbane Airport.
- Opportunity to capitalise on a premier residential development in one of Brisbane’s most prestigious suburbs, with a median house price of $2,770,000 as of August 2024 (source: realestate.com).
- Multiple development outcomes (STCA) under the current Town Plan, including options for detached housing, townhouses, apartments, or a combination thereof.
- Potential for increased building height (STCA) supported by recent approvals in the surrounding area for residential apartment developments on similarly zoned sites.
- A 100% interest in 424 Bowen is available via Expressions of Interest, closing on Tuesday, 28 November 2024, at 4:00 pm (AEST).
For further details, please contact the exclusive agents at Colliers.
^approximately ~ outlines indicative only
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