149-153 Moggill Road, Taringa QLD 4068

This property represents a prime inner west boutique development site spanning a total land area of 1,631 square meters distributed across three separate titles. It offers a rare opportunity to secure a substantial development site in one of Brisbane's most sought-after inner-west locations, combining immediate holding income with significant future development potential.

The site is zoned Low-Medium Density Residential (LMR) and is free from demolition controls affecting the existing dwellings, providing flexibility for redevelopment. Positioned in an elevated, flood-free location, the property benefits from desirable northern aspect views, enhancing its appeal.

Conveniently located, the property is just 1 kilometer from Indooroopilly Shopping Centre, 1.2 kilometers from Toowong Village, and less than 5 kilometers from the Brisbane Central Business District (CBD). Excellent transport connectivity is available with bus stops approximately 40 meters away and Taringa Train Station within 150 meters, facilitating easy access to the city and surrounding areas.

Educational institutions nearby include The University of Queensland, Brisbane Boys' College, St Peters Lutheran College, Indooroopilly State High School, and Brigidine College, making the location ideal for families and students. The area is also surrounded by local retail, dining, medical, and lifestyle amenities, providing a comprehensive living environment.

The existing improvements on the site include two residences: 149-151 Moggill Road, a renovated three-bedroom, one-bathroom residence with an additional toilet, currently leased at $680 per week; and 153 Moggill Road, a dual-level five-bedroom, two-bathroom residence with an additional toilet, currently leased at $820 per week. Together, these generate a combined holding income of $1,500 per week.

There are multiple value-add opportunities with this property. Investors can land bank while benefiting from the holding income, positioning themselves for future precinct growth. There is potential to further expand the development footprint through adjoining site amalgamations. Immediate development is also an option to capitalize on strong demand for new housing and record apartment sales achieved throughout the area.

Subject to council approval, a range of development outcomes may be achievable. Local precedents support enhanced height and density outcomes above code, and an architectural concept scheme has been prepared demonstrating one potential development outcome for the site.

Features of the property include a study, split system air conditioning, general air conditioning, a deck, outdoor entertaining areas, fully fenced grounds, broadband connectivity, built-in robes, a dishwasher, and secure parking facilities.

Disclaimer: All information provided is in good faith and obtained from sources believed to be reliable; however, no warranty or representation is made as to its accuracy, completeness, or correctness. Measurements, figures, floor plans, images, photographs, and descriptions are indicative only. Photographs may include virtual staging, digital enhancement, or altered furnishings for illustrative purposes. Interested parties must rely on their own enquiries, inspections, and independent legal, financial, and building advice before proceeding.