Upper Mount Gravatt, QLD 4122

Overview

Upper Mount Gravatt, QLD, 4122

This property presents a prime opportunity in the heart of Upper Mount Gravatt, featuring a solid four-bedroom home situated on a level 577 square meter block zoned for Medium Density Residential (MDR) development. The zoning, classified as NPP-001a Core Zoning, permits building heights of 6 to 15 storeys and a plot ratio of 350% on land parcels ranging from 800 to 2500 square meters or more, subject to council approval.

Located just a short walk from Westfield Garden City, this home currently benefits from a secure fixed lease generating rental income of $700 per week until August 2026. This makes it an attractive option for investors seeking immediate returns, developers looking for a site with significant redevelopment potential, or future owner-occupiers planning to capitalize on the location and zoning advantages.

Property Features:

• Solid lowset brick construction on a 577 square meter block
• Four spacious bedrooms equipped with built-in robes
• Large lounge area featuring a raked ceiling and air-conditioning for comfort
• Neatly presented kitchen offering ample storage and bench space
• Additional dining and study areas to accommodate family needs
• Polished timber floors and security screens throughout
• Tandem lock-up carport with an external storage cupboard
• Well-maintained gardens with gated side access
• Fixed-term lease in place until August 2026 providing steady income

Development Potential:

• Zoned for Medium Density Residential use, suitable for multi-unit or townhouse development, subject to council approval
• Core zoning allows for 6 to 15 storeys and a 350% plot ratio on consolidated parcels
• Flat, flood-free site with all essential services connected
• No demolition control restrictions, offering flexible redevelopment options
• Surrounded by successful recent developments and strong buyer demand
• City Plan maps and zoning reports are available upon request; prospective buyers are advised to consult with town planners for detailed guidance

Location Highlights:

• Only a two-minute walk to Westfield Garden City, providing access to retail, dining, cinemas, and supermarkets
• Major bus interchange nearby with direct services to Brisbane CBD, University of Queensland, and Southbank
• Convenient access to Pacific Motorway (M1) and Gateway Motorway
• Five minutes to Sunnybank Market Square and Plaza
• Close proximity to Griffith University Nathan campus, TAFE, and hospitals
• Excellent selection of nearby state and private schools
• Approximately 10 kilometers from Brisbane CBD

Additional Benefits:

Preliminary architectural, planning, and feasibility advice can be provided by a registered Queensland architect associated with the listing team. Connections to trusted town planners and consultants are also available to assist buyers in advancing their development projects.

This property represents an outstanding opportunity to secure a home with immediate rental income, future-proof zoning, and significant redevelopment upside in a highly sought-after location.

Disclaimer: All information has been obtained from sources deemed reliable; however, accuracy cannot be guaranteed. Interested parties should conduct their own due diligence. Development opportunities are subject to council approval and buyer discretion. The property is being sold by auction or without a price guide and may appear in price brackets for website filtering purposes only.

Location