120 Terrace Street New Farm, QLD 4005

• Exceptionally well maintained facility with outstanding long term occupancy
• Unmatched amenity - 2min* walk to the heart of James Street
• Land size of 1,131m²* offering numerous redevelopment options
• Significant infrastructure charge credit for any future redevelopment
• Configuration: 36 studio units - all with private kitchen and balcony
• Capitalise on the huge demand for entry level rental accommodation in Inner City Brisbane
• Potential Market Income of $617,348* per annum
• Huge additional rental upside available by altering current design
• Positioned only 1.5km* from Brisbane CBD
• Future redevelopment site -no heritage restraints or restrictive overlays
• Currently Zoned Low-medium density residential (2 or 3 storey mix) but scope and need to increase (subject to council approval)

• Walkable Amenity includes:
• James Street precinct (restaurants, bars, cafes, cinema, retail)
• New Farm Park & Powerhouse Arts Centre
• Merthyr Village (includes Coles)
• Brisbane River Walkway
• Surrounded by parks, cafés, gyms, and everyday amenities

• Excellent public transport - bus and ferry
• Detailed information package available on request

For further information, please contact the Ray White marketing agents

*Approximately
^Listed Building Area subject to further clarification