39 Andrews Street
Cannon Hill, QLD 4170

Overview

Cannon Hill, QLD, 4170

This property at 39 Andrews Street, Cannon Hill, presents a unique development opportunity with approved building applications (BA) for a home and two tri-level townhouses. Situated on a 759 square meter medium density residential (MDR) zoned block, this site offers no character or demolition control, providing flexibility for redevelopment. It is located within the NPP-003f Cannon Hill Station sub precinct, close to the Cannon Hill Train Station and just minutes from Brisbane's city centre.

Preliminary advice from a town planner suggests that a five-level development could potentially be supported by the council as an Impact Assessment Development Application (DA), subject to council approval (STCA). The current approvals allow for retaining and renovating the existing home or demolishing it to build two luxury three-bedroom townhouses with large study areas suitable for multi-purpose use.

The property offers several options for developers and investors: holding the property for capital growth with a current rental potential of approximately $700 per week; building with the existing BA approvals to capitalize on the preparatory work already completed; or applying for a new DA to suit specific development requirements, with town planner advice supporting the possibility of a five-level Impact Assessment DA.

Location and features include a level block adjacent to parklands, medium density zoning allowing up to five levels, and a wide frontage with no demolition or character controls. The area benefits from excellent city access via car and public transport, including buses and trains, with Cannon Hill station within walking distance. Nearby amenities include Cannon Hill Shopping Centre, East Village, and Morningside shops featuring major supermarkets such as Woolworths and Coles. Childcare facilities are conveniently located on the street, and the property offers fast airport access via the Gateway Motorway, being only 8 kilometers from the Brisbane CBD.

The surrounding area has seen several successful developments, with more projects underway, reflecting the strong growth potential of this location. Brisbane City Council encourages development in this precinct, making it an attractive prospect for residential unit accommodation or serviced apartments, subject to council approval.

All architectural drawings and documents are available upon request. Buyers can also access preliminary architectural, feasibility, and planning advice from qualified professionals to assist in project commencement. This opportunity is ideal for astute developers or investors seeking a well-located site with significant development potential in a thriving suburb.

Disclaimer: The information and suggested development options are sourced from reliable channels; however, no warranty is provided. Interested parties must conduct their own due diligence and satisfy subdivision codes and council approvals. The property is offered for sale by negotiation without a fixed price guide.

Location