120 Terrace Street
New Farm, QLD 4005

Overview

ENTIRE BRICK RESIDENTIAL COMPLEX | NEW FARM

This commercial property is an entire brick residential complex located in New Farm, offering a unique investment opportunity. The facility is exceptionally well maintained and boasts outstanding long-term occupancy, making it a reliable source of income.

With a land size of 1,131 square meters, this property presents numerous redevelopment options, supported by a significant infrastructure charge credit for any future development. The configuration includes 36 studio units, each equipped with a private kitchen and balcony, catering to the high demand for entry-level rental accommodation in Inner City Brisbane.

The potential market income is estimated at $617,348 per annum, with significant rental upside available by altering the current design. The property is strategically positioned just 1.5 kilometers from the Brisbane CBD, making it an attractive location for future redevelopment without any heritage restraints or restrictive overlays.

Currently zoned for low-medium density residential use, the property allows for a mix of 2 or 3 storey developments, with the possibility to increase density subject to council approval. The surrounding area is rich in amenities, including the vibrant James Street precinct, which features a variety of restaurants, bars, cafes, and retail options, as well as New Farm Park and the Powerhouse Arts Centre.

Residents will enjoy easy access to the Brisbane River Walkway and are surrounded by parks, cafes, gyms, and everyday amenities. Public transport options are excellent, with both bus and ferry services available nearby.

For sale via public auction on Friday, 27 March 2026, at 12:30 PM AEST, this property is a rare opportunity for investors looking to capitalize on the growing demand for residential accommodation in a prime location.

Detailed information packages are available upon request.

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