48-50 Central Avenue

48–50 Central Avenue in St Lucia represents an opportunity to secure a premium landholding in one of Brisbane’s most tightly held suburbs. The 810m² corner double allotment spans two existing titles and carries Brisbane City Council approval to be reconfigured into two freehold lots of approximately 403m² and 407m², each with direct street frontage. The existing high-set chamferboard home offers character and charm with timber floors, VJ walls ands high ceilings. The layout includes five bedrooms, two bathrooms, multiple living and dining areas, a study and extensive storage and utility space under the house. While the residence itself is modest, the property’s true value lies in the land size and reconfiguration potential. Development Approval (Ref: A006062765) was granted on 14 April 2023 to reconfigure the north/south internal property boundary to east/west and demolish the post 1946 rectory extension; the pre-war home to be wholly contained on one allotment, the vacant allotment to be available for development or sale. Council has applied no infrastructure charges for transport, parks, community facilities, or stormwater networks, enhancing the appeal of this property from a development perspective. Sewer and water connections may be subject to Urban Utilities charges, but the key approvals are already in place. The DA will remain current until July 2027. Centrally located, the property is within walking distance of the University of Queensland, Guyatt Park ferry terminal and local bus services, while also close to Toowong Village, Indooroopilly Shopping Centre and the CBD. Falling within the Ironside State School catchment and near several elite private schools, this opportunity allows buyers to either develop two luxury homes in a blue-chip setting or landbank with confidence in a suburb where new land supply is virtually non-existent. Property Summary: - Subdivision Approval: Brisbane City Council approval (Ref: A006062765) into 2 lot reconfigure - Extension can be removed to enable subdivision and the creation of a vacant block, as approved. - Approval Validity: Current until 14 July 2027 - High-set pre-1946 chamferboard home - Five bedrooms, two bathrooms, multiple living areas, study - Timber floors, VJ walls, high ceilings - Lower level with double garage, large utility area, workshop and under croft storage - Check with council for tree protection Location: - Ironside State School (next door) - Indooroopilly State High School - St Peters Lutheran College - Brisbane Boys College - University of Queensland - Hawken Drive restaurants and shops - Indooroopilly Shopping Centre - Toowong Village - Brisbane CBD