Centrally located in the heart of Spring Hill, a development approved site has hit the market. 

Located at 487 Boundary street, the vacant 1,820sqm site is being brought to market by Ray White Commercial QLD agents Sam Parker and Tom Barr. 

“The site has an existing development approval for a 15 storey student accommodation development, including 176 self contained rooms, and three levels of car parking” Mr Parker said. 

“The site offers multiple other development opportunities (STCA) including healthcare and medical, short term accommodation, aged care, residential apartments, commercial and retail.” 

Mr Barr said the property was in a prime inner city location. 

“It immediately adjoins 'The Johnson' Brisbane - Art Series Hotel, is surrounded by significant healthcare/medical infrastructure, and is close to major education facilities including universities and schools,” Mr Barr said.

"The new Spring Hill Neighbourhood Plan came into effect as part of the Brisbane City Plan 2014 in September 2018. The revised plan aims to prioritise future growth, protect heritage places and promote economic development, by supporting well designed urban environments, improving pedestrian activity and increasing retail spaces. 

“Detailed plans for Spring Hill include promoting the revival of Boundary Street as a vibrant centre with shops, restaurants and cafés; enabling the expansion of educational and medical institutions in the area in a way that minimises impacts on surrounding sites; and enabling new high-density development to occur between Boundary Street and the CBD."

Nearby developments include the Spring Hill Day Hospital at 525 Boundary Street, Wickham Private at 375 Wickham Terrace, and Oria Residences at 477 Gregory Terrace.

The property at 487 Boundary Street is available for sale via expressions of interest campaign closing July 13 at 4.00pm. 

To request a copy of the Information Memorandum please contact one of the marketing agents, Ray White Commercial QLD agents Sam Parker and Tom Barr via the contact details below.