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4-10 & 7 Lambert Street & Railway Avenue Indooroopilly, QLD 4068

For Sale

4-10 & 7 Lambert Street & Railway Avenue Indooroopilly, QLD 4068

Development Sites & Land • Shop & Retail • Hotel & Leisure
Sale Price

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Land area

2183.0m²

Floor area

1000.0m²

Car spaces

14

Property extent

Whole

Zoning

Mixed Use (City Frame) Zone

Municipality

Brisbane City Council

Tenure type

Vacant Possession

Mixed Use Development Site

  • Adjacent to Indooroopilly Train Station
  • Mixed-Use Zone allows 8 storeys/GFA 250%
  • Substantial holding income
Tewksbury Commercial and Dixon Family Estate Agents are proud to offer for sale one of the best development sites in Brisbane’s Western suburbs.

The site is located in the affluent suburb of Indooroopilly, directly adjacent to Indooroopilly Train Station on the corner of Lambert Road and Railway Avenue with additional access off Clarence Road.

It comprises approximately 2,183 square metres of land spread across three separate lots.

The property is zoned Mixed Use and is identified within Precinct “C” of the Indooroopilly Neighbourhood Plan. The current zoning allows for
building heights of up to 8 storeys and a Gross Floor Area (GFA) of up to 250% of the site area.

Given the strategic location of the site adjacent to Indooroopilly Station and the upcoming completion of an 11-storey multi unit development on the opposite side of Lambert Road, there may be potential to exceed the height and GFA limits via an impact assessable application.

The site is currently improved with three separate buildings. 4-8 Lambert Road is a three-level building comprising of 5 ground floor retail shops and 6 residential apartments on the upper two floors. 10 Lambert Road is a freestanding, single storey retail building currently used as a commercial kitchen by a catering company. 7 Railway Avenue is a two-storey house that has been converted into 3 residential flats.

All tenancies are currently occupied on short-term agreements apart from a single vacant residential apartment. The three buildings generate a fully leased gross income of approximately $267,616 per annum.

Property ID: 502984006Last Updated: 29 Apr 2019

4-10 & 7 Lambert Street & Railway Avenue
Indooroopilly, QLD 4068

Agency contacts

Tewksbury Commercial Real Estate - Toowong

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Tewksbury Commercial Real Estate - Toowong

Level 2, 31 Sherwood Road
TOOWONG, QLD 4066

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Dixon Family Estate Agents - Toowong

628 Coronation Drive
TOOWONG, QLD 4066
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Jeff Dolan
Tewksbury Commercial Real Estate - Toowong
4-10 & 7 Lambert Street & Railway Avenue Indooroopilly, QLD 4068

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Jeff Dolan

    Tewksbury Commercial Real Estate - Toowong
    0412 *** ***
  • Peter Tewksbury

    Tewksbury Commercial Real Estate - Toowong
    0412 *** ***
  • Patrick Dixon

    Dixon Family Estate Agents - Toowong
    0414 *** ***