Ray White Special Projects’ Mark Creevey and Andrew Burke have launched the sales campaign for 18 Racecourse Road, a high-profile landholding with multiple development approvals and potential for river and city views.
Set on a 478sqm* block with flexible DC1 (District Centre) zoning, the site comes with dual approvals, one for a 927sqm* GFA commercial office building, and the other for a boutique four-level residential project.
With a freestanding 138sqm* office/retail building already in place, the property also offers holding income and on-site parking for seven vehicles.
“This is a unique opportunity to capitalise on a suburb in transformation,” said Mr Creevey. “The site is perfectly positioned to benefit from the renewed confidence in Racecourse Road, with significant private investment and landmark projects already under way.”
Among the catalysts reshaping the precinct is GRAYA’s ‘The Gallery’, a luxury mixed-use development 100 metres away. The bold new project by renowned builder-developers Rob and Andrew Gray will include 37 high-end apartments across four storeys, eight boutique retail spaces at street level, and a 800sqm rooftop retreat featuring a pool and garden.
“GRAYA is setting a new benchmark for design and sophistication in this area,” said Mr Burke. “Add to that Silverstone Developments’ nearby mixed-use project, which will deliver 36 apartments, seven retail tenancies, and a rooftop wellness space, and it’s clear Racecourse Road is entering a new era of prestige and amenity.”
With expansive views from the upper levels, a location 10 minutes* from Brisbane CBD, and proximity to cafes, restaurants, Portside Wharf, and the river, Mr Burke said the site would appeal to both developers and owner-occupiers.
“It’s an incredibly rare offering, ready to go with approvals in place and surrounded by some of the most exciting projects in Brisbane’s inner north.”
The property is being sold via Expressions of Interest campaign, closing Thursday 24 July.
