DA approved site hits the market in Woolloongabba

A concept image of what could be built at 17 Wolseley Street, Woolloongabba, Queensland.

BUILDERS and developers alike have an outstanding opportunity to purchase a DA-approved development site in Queensland’s largest healthcare precinct as 17 Wolseley Street in the Brisbane suburb of Woolloongabba hits the market.

The asset offers a prominent 3,036sq m* land area with 61.3-metre* frontage and is offered to the market via an expressions of interest campaign.

The property is being marketed and sold by Ray White Commercial QLD Director and Head of Investment Sales Tom Barr.

“This fantastic development site has approval in place for a 20-storey residential aged care and retirement living building with a 30,263sq m* GFA,” Mr Barr said.

“Woolloongabba is a hive activity right now and is set to benefit from over $6 billion* worth of infrastructure projects under construction with both Cross River Rail and the Brisbane Metro.

“Alternate development opportunities include healthcare and medical, retirement living and aged care, residential apartments, short-term accommodation (serviced apartments, hotel/medihotel, transitional care), and build-to-rent (all STCA), to name a few.

“Being just 3km* from the Brisbane CBD, it has outstanding public transport and road infrastructure connectivity with exceptional surrounding retail and lifestyle amenity.”

Expressions of interest close on Wednesday 31 March 2021.

*Approximately.