$ 8,080,000

Westminster House offers an exceptional opportunity to be part of Brisbane’s thriving residential growth. With the Olympics and possibly the Commonwealth Games on the horizon, Brisbane is buzzing with potential and demand for quality housing is only increasing. With land availability at an all-time low, this is the perfect moment to secure your next residential project close to the CBD. The site is well-connected to major transport links, and Brisbane City Council is actively enhancing surrounding suburbs ahead of the upcoming games. Offered to the market with Vacant Possession! Whether you wish to repurpose the existing improvements for residential use, explore options such as boutique apartments, townhomes, or a modern Build-to-Rent development, this property presents a fantastic opportunity to deliver much-needed housing in a well-established, high-demand suburb. The owners are offering the property as they transition to opportunities overseas. Site Benefits and Inclusions: -Westminster House on 4,035sqm* of Low-Medium Density Residential (LMR) land with expansive Brisbane views adjacent to a train station -Just 4km* south of the Brisbane CBD -4,035sqm* site across four adjacent lots -Two-street access with 127.3 metres* of total street frontage -Zoning: Low Medium Density Residential -Existing improvements include 36 rooms and 1,390sqm* of building area (former health care home) -Potential Height: 3 storeys or 11.5 metres* (additional height relaxations subject to council approval) -Site Cover: Up to 45% (1,815sqm* per level, subject to council approval) -Potential for 5,445sqm* of Gross Floor Area (GFA) over 3 levels under current guidelines -Located in a priority area for Build-to-Rent or medium-density residential development