36 Attewell Street
Nundah, QLD 4012

Overview

900m2, 5 Strata Titled Units, 1 Visionary Opportunity

Welcome to Units 1 - 5 at 36 Attewell Street, Nundah, an income-producing development site offering a rare opportunity in one of Nundah's most strategic locations. This property comprises five individually strata-titled units situated on a substantial 900 square meter parcel of premium land, presenting a unique 'set and forget' land bank with the potential for high-yield development.

The property delivers immediate financial benefits with a gross income of approximately $110,000 per annum. The site offers flexibility with five existing strata titles, allowing buyers to purchase one unit, all units, or the entire lot for development. Nundah remains a sought-after suburb with strong demand for units and vacancy rates near record lows, providing a solid platform for growth.

The current composition includes Unit 1, which features three bedrooms, two bathrooms, and one car space, while Units 2 through 5 each offer one bedroom, one bathroom, and one car space. As part of the 'More Homes, Sooner' initiative, Nundah's planning landscape has evolved, transforming this site from a simple block of flats into a high-density development canvas.

There are four potential pathways to maximize profit from this property:

• Develop and unlock the new Low-Medium Density Residential (LMR) uplift by pushing to three to four storeys and optimizing dwelling count, subject to council approval.
• Renovate and modernize the existing 1970s buildings to meet the growing demand for 'missing middle' rental properties.
• Execute a staged exit strategy by selling individual units into a strong owner-occupier market, reducing risk.
• Hold the land bank and allow the rental income to cover holding costs while benefiting from Brisbane's ongoing growth.

Located in the heart of the Nundah lifestyle core, this property offers convenient access to local amenities. Residents can enjoy walking to the village, easy train connections to Brisbane's Central Business District, and a short 10-minute drive to the airport. Attewell Street provides a quiet, leafy environment that appeals to tenants and developers alike.

• Walking distance to Nundah and Toombul train stations.
• Excellent connectivity with only 9 kilometers to Brisbane CBD and 10 minutes to the airport.
• Zoned within the Suburban Renewal Precinct, a priority growth area.

This property is offered for sale now as a whole-of-block parcel, with individual unit enquiries also welcomed. The planning is complete, the income stream is established, and the site is ready for the next phase of investment or development.

Location