FOR SALE
Offers Over $2,600,000

2 Lisburn Street
East Brisbane QLD 4169

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 759m2
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RARE INNER-CITY DEVELOPMENT-READY LAND

*Information Memorandum available on request*
A vacant 759m² plot of prime land, zoned LMR - Low Medium Density Residential, located in one of East Brisbane's most sought-after residential areas and adjacent to Woolloongabba's high-demand PDA (Priority Development Area) precinct.
This property presents a unique opportunity:
Complete the existing DA & BA approvals for a high-yield SDA (Specialist Disability Accommodation) development, with an expected gross income of $1,009,669 p.a., backed by government funding with built-in CPI increases (net returns after management estimated at $829,252.10 p.a.).
Alternatively, land bank for potential capital growth while your team designs a high-end luxury development-be it terrace homes, an apartment block, or land subdivision-capitalising on stunning city views (STCA).
An experienced builder with a proven track record in SDA projects is ready to commence construction immediately. Builder quotes and project information are available on request. Additionally, a leading SDA provider is prepared to lease the development upon completion.
Financial Summary:
Expected Gross Income: $1,009,669
Minus Outgoings: $180,416.90
Net Income: $829,252.10
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Property Details for 2 Lisburn St, East Brisbane

Building Type
Land
Land Size
759m2

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About East Brisbane 4169

The size of East Brisbane is approximately 2 square kilometres. It has 10 parks covering nearly 8.6% of total area. The population of East Brisbane in 2011 was 5,598 people. By 2016 the population was 5,932 showing a population growth of 6.0% in the area during that time. The predominant age group in East Brisbane is 20-29 years. Households in East Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Brisbane work in a professional occupation. In 2011, 44.7% of the homes in East Brisbane were owner-occupied compared with 40.7% in 2016.

East Brisbane has 3,789 properties. Over the last 5 years, Houses in East Brisbane have seen a 55.32% increase in median value, while Units have seen a 63.06% increase. As at 31 December 2024:

  • The median value for Houses in East Brisbane is $1,411,001 while the median value for Units is $722,124.
  • Houses have a median rent of $725 while Units have a median rent of $600.
There are currently 7 properties listed for sale, and 15 properties listed for rent in East brisbane on OnTheHouse. According to CoreLogic's data, 167 properties were sold in the past 12 months in East brisbane.

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Domenico Bellino
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Harcourts Solutions Inner City
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