Located in the tightly held area of Toowong, 56-58 Sylvan Road is an outstanding opportunity to buy an approved north-facing development site.

The north-facing property has an approved scheme for 117 luxury apartments over 8 upper levels overlooking Toowong Memorial Park with a 2 level basement. 

At a Glance:

• North-facing development seeking expressions of interest in Toowong
• Development approval for the construction of a premium 117 unit block and stands on a land area of 2,661sqm*
• Alternate scheme proposed for an 83 key serviced apartment project

Toowong is Brisbane’s tightest residential market and enjoys an abundance of retail, entertainment and public transport amenity plus close proximity to the Wesley Medical and University of Queensland precincts.

Location of the site. Photo: Colliers International

Existing improvements include a vacant 2,919sqm, 2-level office building with 78 basement carparks.

There is a development approval for the construction of a premium 117 unit block and stands on a land area of 2,661sqm*.

Brendan Hogan, Director, Development Sites at Colliers said, “Toowong has the lowest level of supply of residential apartments and has typically attracted owner-occupier purchasers given its proximity to major infrastructure.”

“We are seeing a resurgence in developers looking to bolster their landbanks and anticipate particular interest from build-to-rent developers in this project.”
 

Artists impression of the exterior. Photo: Colliers International

There is also an alternate scheme proposed for an 83 key serviced apartment project.

For more information, please contact the exclusive marketing agents at Colliers International today.

*Approximately

Expressions of Interest close Thursday 12 November 2020 at 4pm (AEST).

For more information contact Samuel Biggins and Brendan Hogan of Colliers International via the contact form below. 

To view the listing and for more information click here. 

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