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House for Sale in Fortitude Valley, QLD555 Gregory Tce

555 Gregory Terrace, Fortitude Valley, QLD 4006
555 Gregory TerraceFortitude Valley QLD 4006 AUS
-27.452393 153.030326
Tender Closes 5th Of…
  • Land area 0.38 acres / 1520 sqm

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Significant Income I Development Potential I Brisbane's Hot Spot

Property ID 1953033
Located in a unique inner-city position, 555 Gregory Terrace offers a substantial commercial/development opportunity. Originally constructed in 1910 and renovated in 1997, this property is currently in use as The Brisbane Manor Hotel, a private two level residence comprised of 45 guest bedrooms. Situated only metres from The Royal International Convention Centre and within easy walking distance to the RNA showgrounds and Brisbane transport hubs.

The zoning allows for a number of uses for the site and the flexibility of the existing use rights, these may contribute to further re-development potential with the surrounding area (subject to council approval). The area is seeing a rise in popularity and capital gain due to the increasing residential and commercial redevelopment undergoing within the area.

A renowned local architect has drawn up a residential redevelopment scheme that will take advantage of the site and all the facilities and services in the neighbouring precinct.

Salient points of the scheme mentioned above are;

Zoning: Flexible mixed use zoning
Planning Scheme: Brisbane City Plan 2014
Site Area: 1520 sqm
Site Cover: 1377.70 sqm
Land Use 1: Guest House/Private Hotel
Typical Floor Plate: 540 sqm
Total GFA Possible: 7514 sqm
(subject to Brisbane City Council approvals)

Please contact Hamish Bowman on 0410 044 463 for further information or to book a private inspection. Tender closes Friday, 5.00pm, October 5th 2018.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.