This is an irreplaceable, absolute riverfront site offering uninterrupted north-east facing CBD and river views. It is of a significant scale to enable the delivery of a world class residential led project. Totalling approximately 1.6 hectares and boasting over 135 metres of river frontage, it is situated in blue-chip inner west locality of Toowong, whilst being only 3.5km from the Brisbane CBD. The opportunity is partially DA approved, with the bulk of the site zoned Major Centre. It has the potential for a staged, multi-tower project to a Code Assessable height of 15 storeys, incorporating extensive community parklands.
There are options for mixed-use outcomes which may contain substantial residential, build-to-rent, retirement or retail/commercial components. Sites with these attributes present the rarest of opportunities and will satisfy the unabated demand for premium, riverfront product. Inner Brisbane now has a very limited supply of new apartments. This is more prevalent in Toowong and the inner west which represents only 4% (approx.) of future apartment supply across Brisbane. The site also benefits from unrivalled amenity and connectivity being adjacent to the Toowong Village shopping centre as well as the bustling cafes and restaurants within the precinct. It is also within 200 metres of the Toowong Train Station and short bus or drive to the world renowned University of Queensland – St Lucia campus.
Grace on Coronation is being offered for sale via an International Expressions of Interest closing Wednesday 30th September at 4:00pm.”