59 Bunya Street
Greenslopes, QLD 4120

Overview

59 Bunya Street, Greenslopes

This exceptional property presents a prime development opportunity in one of Brisbane's most sought-after inner-city suburbs. Situated on a rare and substantial 844 square meter parcel of land, the site boasts an expansive 21.5 meter frontage and is set on two lots, offering a sophisticated prospect for developers and investors seeking a high-caliber landholding with significant potential. Development approval (DA) is already in place to create two residences, providing a clear pathway for subdivision and development.

The generous dimensions and wide frontage of the site allow for a variety of development outcomes, ranging from subdivision to multi-dwelling projects, subject to council approval (STCA). This flexibility in design enables the maximization of yield in a tightly held and highly desirable location. Wide-frontage blocks of this scale are increasingly scarce in established inner-city markets, making this an exceptional proposition for strategic development.

Importantly, the property is improved by an existing character home, which offers a generous floorplan and is protected under character preservation guidelines. This ensures the retention of its architectural charm and streetscape presence, providing an outstanding opportunity to renovate and transform the home into a substantial family residence. Alternatively, the character home can be thoughtfully integrated into a broader development scheme in accordance with planning guidelines.

Strategically located just minutes from Brisbane's Central Business District (CBD), Greenslopes benefits from robust buyer demand, excellent connectivity, and proximity to key amenities including major hospitals, transport links, and vibrant retail precincts. The property's location within the highly regarded Brisbane South State Secondary College (BSSSC) catchment further enhances its long-term appeal and marketability.

• Premium 844 square meter block with 21.5 meter frontage
• Development approval in place for subdivision into two lots
• Potential for multi-dwelling development (subject to council approval)
• Wide frontage enabling flexible design and maximized yield
• Character home protected from demolition with generous existing floorplan
• Excellent renovation potential into a large family residence
• Located in a high-demand, tightly held inner-city suburb
• Minutes to Brisbane CBD, transport, retail, and Greenslopes Private Hospital
• Situated within the Brisbane South State Secondary College catchment, strengthening end value

This sophisticated opportunity allows buyers to secure a prime development site where scale, frontage, character, and location converge to deliver exceptional potential. Whether you are a developer seeking a strategic landholding or a family looking to renovate and enjoy a spacious home in a vibrant community, this property offers a unique and compelling proposition.

Location