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421 Brunswick Street, Fortitude Valley QLD 4006

EOI

Land 78 cars 4497 m²

Listed: 39 days ago

Updated: yesterday

Overview

Positioned in one of Brisbane's most vibrant precincts, this rare and elevated freehold island site presents an outstanding development opportunity with approval for a substantial mixed-use project. Spanning approximately 4,497 sqm, the site benefits from city views that begin at ground level, enhancing its appeal for future developments that seek both prominence and connectivity.

The approved plans allow for 525 apartments distributed across two architecturally designed towers rising 25 levels each, crafted by renowned designers Elenberg Fraser. Complementing the residential potential is an existing retail centre totalling around 2,816 sqm of net lettable area. This retail component is home to 18 tenants and includes 78 at-grade parking spaces, generating significant holding income while maintaining flexibility for future redevelopment phases.

Zoned MU1 (Mixed Use Inner City), the site offers versatility for a variety of uses including residential Build-to-Sell (BTS) or Build-to-Rent (BTR) projects, hotel, office, or other mixed-use developments. Its strategic location places it within walking distance to key lifestyle and employment hubs such as James Street, Howard Smith Wharves, Brisbane's CBD, and New Farm, positioning it well for residents, professionals, and investors seeking inner-city opportunities.

A prominent 4,497 sqm elevated island site with scenic city vistas
Development approval in place for 525 apartments via two 25-level towers
Designed by the acclaimed architectural firm Elenberg Fraser
Existing retail centre with 18 tenancies and 78 car parks delivering reliable income
Offers significant holding income with lease provisions accommodating future development
Flexible MU1 zoning supporting residential, hotel, office or mixed-use projects
Prime location within walking distance to premier lifestyle and business districts

The property is available through Expressions of Interest closing on the 10th of September 2025, making it an exceptional prospect for developers and investors aiming to capitalize on Brisbane's dynamic urban growth.

Local Market Insights

In Brisbane Inner City, Quiet Listings observed 10 new parcels of land entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $1,870,000. The property type mix of listed properties is predominantly Houses at 32%, followed by apartments (28%), and commercial properties (15%). The most active agency for land in the Brisbane Inner City area is currently McGrath Estate Agents, representing 30% of new listings, followed by Place with 30%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.