The prime location and development potential of a former car yard is poised to make the 22-24 Sylvan Road site an attractive acquisition opportunity for investors.

CBRE’s Will Carman and John Nucifora have been appointed by the private owner to sell the high-profile 1,760sqm site which adjoins Toowong’s iconic Regatta Hotel.

Mr Carman noted the property’s significant potential which he said could include a building of 10 to 15 storeys in a future mixed-use development.

“With eastern views over the Brisbane River and western views over Sylvan Road and Wests Rugby Union Club, opportunities of this calibre are rare and present unique possibilities for future development outcomes,” Mr Carman said. 

Mr Nucifora added, “The site has aspects which appeal to all demographics due to its proximity to three major forms of public transport, Toowong Village Shopping Centre, Queensland University, Regatta Hotel and the CBD making it an extremely appealing opportunity.”

Sylvan Road has been full of development activity over the past few years with groups including BPM completing the White Dawn development, AZURE recently completing the One Earle Lane development and prolific developer Mosaic completing the Kensington project in 2023.

CBRE recently completed a sale to Pradella Property at 70 Sylvan Road, on the corner of Sylvan and Jephson Street, for further residential development in the sought-after area. 

The property is for sale via a public Expressions of Interest campaign closing Thursday, 27th of February 2025 at 4PM (AEST).

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