MORTGAGEE SALE - Vacant Commercial Building / DA Approved Development Site - Occupy, Invest, or Develop

RWC Queensland, under instructions from the Mortgagee Exercising its Power of Sale, has the pleasure to offer 63 O'Connell Terrace Bowen Hills in Brisbane, Queensland to the market.

With an existing vacant commercial building, this property offers multiple opportunities (STA^) including:

- Occupy the existing commercial building;
- Invest and value-add by refurbishing and leasing the building; or
- Develop the DA Approved visitor accommodation (90 rooms) scheme or an alternate scheme.

63 O'Connell Terrace Bowen Hills is a prominent corner allotment situated less than 2 kilometres* north of the Brisbane CBD, immediately next door to the Herston Private Hospital, and just 150 metres* from the Royal Brisbane & Women's Hospital (Queensland's largest hospital).

- 357m²* land area.
- Planning Authority: Economic Development Queensland.
- Situated within the Bowen Hills Priority Development Area.
- Mixed Use zoning providing for a wide range and intensity of uses including commercial, retail, health and medical, community, entertainment, cultural activities and residential.
- 243m²* single level commercial building, with 3 external on-grade car parking spaces.
- Development Approval for 90 room visitor accommodation and food premises. 3,460m²* GFA over 12 levels including rooftop bar and recreational area.
- Unrivalled access to arterial roads and tunnels in all directions.
- 300 metres* to the new Exhibition Cross River Rail Station.
- 800 metres* to Bowen Hills Train Station (1 of only 4 stations servicing all lines in the Brisbane Rail network).

A rare opportunity to secure a piece of this tightly held "Herston Medical Precinct". Huge potential for capital growth and development.

For Sale via Auction, In-Room, on Thursday 14 December 2023 at 4.00pm (AEST).

In-Room Auction Location:
Level 26, 111 Eagle Street, Brisbane QLD

INSPECTION TIMES

Thursday, 16 November: 11.00am to 12.00nn
Wednesday, 22 November: 11.00am to 12.00nn
Wednesday, 29 November: 11.00am to 12.00nn
Wednesday, 06 December: 11.00am to 12.00nn
Wednesday, 13 December: 11.00am to 12.00nn

YOU MUST REGISTER WITH THE LISTING AGENTS PRIOR TO INSPECTING

*Approximately (radial km)
^Subject to Approval
Image outlines/labels and artist impressions indicative only

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