The elevated 2,414sqm* development site occupies a commanding position five kilometres* south-west of the Brisbane CBD and offers extensive frontage across Swann Road, Burns Street and Rennie Street. The property attracted strong pre-market interest from the buyer due to its premium location, panoramic outlooks and existing development approval for a high-quality residential project.
The site is zoned Medium Density Residential (MDR) under Brisbane City Council and benefits from an approved scheme for a striking apartment development comprising 55 residences, including 37 two-bedroom apartments, 17 three-bedroom apartments and one penthouse, alongside 109 car parks and 75 bicycle spaces.
The approved project was designed collaboratively by leading Australian design studios Rothelowman, Carr and Form Landscape Architects, delivering a vision that balances architectural form, functionality and lifestyle integration.
Tom Barr of RWC Queensland said the property was sold off-market transaction prior to the property being marketed formally for sale. The buyer is a very active builder-developer who was seeking a premium inner-west development site with strong fundamentals and existing planning approvals.
“Opportunities of this calibre in Brisbane’s inner-west are rare, particularly with the scale, elevation and frontage this property offers,” Mr Barr said.
“The combination of a premium Indooroopilly address, panoramic city and river views, and a well-considered approval for a luxury residential project made this a highly sought-after offering.”
Mr Barr said the property’s proximity to major education, retail and transport infrastructure further reinforced the very strong pre-market interest from the successful buyer.
“This site benefits from exceptional connectivity and amenity, with immediate access to public transport, leading schools, the University of Queensland and major retail destinations including Indooroopilly Shopping Centre and Toowong Village,” he said.
“As Brisbane continues to experience strong population growth and increasing demand for high-quality apartment living in blue-chip suburbs, we expect sites of this nature to remain tightly contested.”