4 Priory Street, Indooroopilly

A rare small-scale development opportunity ideally positioned just 150 metres from Indooroopilly Shopping Centre. This tightly held corner site offers enormous upside under its Medium Density Residential zoning, appealing to developers, investors, and astute buyers seeking strong long-term growth. Set on a 405m² corner allotment with a wide 41.10 metre frontage to Priory Street, the property enjoys a leafy, elevated position with views toward the Brisbane River from the Foxton Street frontage. The existing high-ceiling character home features 3 bedrooms, 1 bathroom and single car accommodation, offering immediate liveability or holding income while future plans are explored. The site's Medium Density Residential zoning allows buyers to capitalise on the increased building height provisions and fully capture the view corridor from the Foxton Street aspect, unlocking the true potential of this blue-chip location. Previously, the site held approval for the demolition of the existing dwelling and construction of two luxury townhomes (approval now lapsed), demonstrating just one of the many premium redevelopment outcomes achievable here. Superbly located within walking distance of Indooroopilly Train Station, leading schools (Indooroopilly State School and Indooroopilly State High School catchments) , and major retail and dining, this address offers the perfect combination of convenience, charm, and development potential. Additional Features Include: - 405m² corner allotment with 41.10m frontage to Priory Street - Medium Density Residential zoning with increased building height potential - Opportunity to capture the full view corridor from Foxton Street toward the Brisbane River - Charming 3-bedroom, 1-bathroom high-ceiling character home with single car accommodation - Previously approved for two luxury townhomes (now lapsed) - Ideal to hold, renovate, develop, or landbank for future capital growth - 150m to Indooroopilly Shopping Centre and an easy walk to the train station and local cafes and restaurants - In catchment area for Indooroopilly State School and Indooroopilly State High School - 4 mins to Indooroopilly State School - 6 mins to Indooroopilly State High School - 3 mins to Ambrose Treacy College - 5 mins to St Peter's Lutheran College - 15 mins to Brisbane CBD