Rare Development Opportunity in the Heart of Balmoral: 952sqm Plot with Subdivision Approval and Prime Location for Upscale Residences!

Auction Location: In Rooms - 140 Oxford Street, Bulimba<br/><br/>Situated on a spacious 952sqm elevated plot with a nearly 24m frontage, this property presents an enticing opportunity for developers. Nestled on a tranquil cul-de-sac street in the heart of Balmoral, the existing postwar home is ripe for demolition, offering a prime location close to schools, transportation, parklands, and the Oxford St precinct. Such properties are becoming increasingly scarce in today's market.<br/><br/>The site, boasting a three-bedroom, two-bathroom postwar brick house, awaits transformation into two new upscale residences. You have the option to either clear the site immediately or generate rental income while planning your development strategy. Key property features include:<br/><br/>- Spacious 952sqm block with nearly 24m frontage<br/>- Development approval for subdivision valid until Feb 2027<br/>- Low residential density zoning<br/>- Rare opportunity for customizable redevelopment<br/>- Convenient location on a quiet cul-de-sac in Balmoral<br/>- Proximity to schools, transport, parks, and Oxford St in Bulimba<br/><br/>The property offers easy access to city bus stops, Oxford St (a 3-minute drive away), the CBD, Brisbane Domestic and International Airport (15-minute drive), as well as being within the catchment areas for Sts Peter and Paul's Primary School and Balmoral State High School. Additionally, it is close to parklands, childcare facilities, kindergartens, and prestigious private schools, making it an ideal location for a standout development in the esteemed Balmoral neighborhood.<br/><br/>*Subject to Brisbane City Council Approval*<br/><br/>Disclaimer <br/>This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.<br/><br/>Disclaimer: <br/>We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.