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101-105 Mount Gravatt Capalaba Road
Upper Mount Gravatt QLD 4122

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Land area: 1376m2
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High Density Residential Development Site - 12km to Brisbane CBD

• Development & Build Approval for 53 Units (Lapsed 2024)
• 31.65m Street frontage to Mt Gravatt-Capalaba Rd
• 1376m2 Site area
This property is strategically located in the thriving and highly sought-after suburb of Upper Mount Gravatt, just 12 km southeast of Brisbane's CBD. It benefits from a prominent position, being only 800 meters from Garden City Shopping Centre and the Southeast Busway, with top-quality educational facilities within 1 km and excellent motorway connectivity.
Located in the High Density Residential zone this property allows for a unit complex to be built up to 8 levels. The current owners of the property had Development Approval & Building approval which recently lapsed to build 53 Units made up of 9 one-bedroom units and 44 two-bedroom units.
For developers, this site presents a compelling opportunity. The median price of units in Upper Mount Gravatt has surged by an impressive 17.7% over the past year alone, underscoring the strong demand and growth potential in the area. This trend highlights the site's potential for a lucrative development project, making it an exceptional investment for a new unit complex.
You have the flexibility to leverage the extensive information, approvals, and due diligence that the current owners have meticulously prepared as a solid foundation for your development project. Alternatively, you can choose to start anew and chart your own project direction, tailoring the development to your specific vision and objective.
Seize a remarkable development opportunity located just 15 kilometers from the central Olympic venues of the 2032 Games. This site offers a strategic advantage for developers poised to leverage the global attention and growth anticipated for the area.
The exceptional connectivity to premier public transport networks and proximity to a dynamic retail environment-teeming with employment prospects-make it an ideal candidate also for affordable housing initiatives. Position yourself at the forefront of this high-potential market and capitalize on this unparalleled opportunity.
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Property Details for 101-105 Mount Gravatt Capalaba Rd, Upper Mount Gravatt

Building Type
Land
Land Size
1376m2

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About Upper Mount Gravatt 4122

The size of Upper Mount Gravatt is approximately 4.3 square kilometres. It has 11 parks covering nearly 5.9% of total area. The population of Upper Mount Gravatt in 2011 was 8,852 people. By 2016 the population was 9,227 showing a population growth of 4.2% in the area during that time. The predominant age group in Upper Mount Gravatt is 20-29 years. Households in Upper Mount Gravatt are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Mount Gravatt work in a professional occupation. In 2011, 59.9% of the homes in Upper Mount Gravatt were owner-occupied compared with 56.2% in 2016.

Upper Mount Gravatt has 5,462 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 76.02% increase in median value, while Units have seen a 43.51% increase. As at 30 November 2024:

  • The median value for Houses in Upper Mount Gravatt is $1,104,993 while the median value for Units is $608,686.
  • Houses have a median rent of $630 while Units have a median rent of $635.
There are currently 29 properties listed for sale, and 28 properties listed for rent in Upper mount gravatt on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in Upper mount gravatt.

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Lisa Knowles (Anderson)
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