South Brisbane precinct development site at 12 Merivale Street for sale by CBRE Adelaide O’Brien and Darren Collins.

The South Brisbane site offers significant development upside in the heart of Brisbane’s thriving Kurilpa precinct.

Offering 921sqm of land, the property represents a unique opportunity for an owner occupier, developer or land banker to enter the highly sought-after mixed-use destination.

The property is currently improved by a two-storey 785sqm vacant office/warehouse unit and there is potential to develop up to 10-storeys on the site subject to the relevant planning approvals.

CBRE’s Adelaide O’Brien and Darren Collins are steering the sale campaign.

Ms O’Brien noted that the property market in Queensland had recently seen a boom, particularly the residential sector, and the recently announced Olympics in 2032 would propel this further.

Ms O’Brien said, “Interstate migration numbers into Queensland are the highest in over a decade, which has spurred the improvement in the residential sector. Due the incredible location of this site close to Brisbane’s largest infrastructure projects, it will be highly sought after for a variety of end-uses.”

Mr Collins said, “The site is located on one of Brisbane’s most vibrant streets which is on the cusp of a transformation. It offers unbeatable amenity, not only is the site within minutes’ walk of Fish Lane, QPAC and Southbank, but the Kurilpa Bridge heightens the connectivity to the CBD and the Go Between Bridge to the Suncorp Stadium. In the medium term, the location will evolve with Brisbane Live, the Brisbane Metro and mooted Olympics sites on the doorstep of the property. It will only continue to improve.”

The property will be offered for sale via Public Auction on Thursday 7th October 2021. 

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.