23 Lowerson Street

Lutwyche QLD 4030

Potential: Council DC2 Zone allows for mixed use commercial and residential opportunities including 5 storey residential, cafe/restaurant, retail, business, professional, community, cultural, or entertainment
House: 182m2 footprint, 4 bed, 2 bath, 2 car - currently tenanted on an open lease
Services: Gas, water, sewer, NBN, Telstra, Energex confirmed

Property Highlights:
5 km north of Brisbane CBD
Across the street from Lutwyche City Home.Co Shopping Centre (which recently benefited from a $55 million renovation)
Close proximity to Royal Brisbane Hospital
Close to Schools and University of Queensland Herston Campus
Easy access to public transport (train and buses) and bikeways
Strong demand suburb with good rental and owner-occupier appeal
Close proximity to recreational facilities including sports fields, Kedron Brook Parklands, public and private swimming pools, tennis courts, gyms, Brisbane's largest off leash dog park, Lutwyche Community Centre, Bowls Club, and Cricket Club

Project Highlights:
Flexible DC2 zoning - Lutwyche centre mixed use corridor sub-precinct (Lutwyche Road corridor neighbourhood plan/NPP-001a)
Precedents set with neighboring lots successfully redeveloped into multi-storey mixed-use commercial and residential units, demonstrating Council support
Strategic location near healthcare, education, and transport hubs
Lutwyche offers a compelling investment proposition, emerging as one of Brisbane's leading inner-ring suburbs for house price growth, recording an impressive surge of 9.9% for houses, 19.7% for apartments and 33.7% for 3 bedroom apartments in the last 12 months, whilst still remaining more affordable than the core inner-city suburbs
Just a 10 minute commute from Brisbane's CBD, Lutwyche is an open book of desirability with a growing number of families and young professionals
Characterised by tree-lined streets and natural brooks, Lutwyche is becoming one of the urban renewal epicentres of Brisbane, alongside its neighbours Albion and Newstead
Brisbane, in regards to future growth prospects, is one of the strongest performing Australian housing markets, attracting investors and homebuyers including first home buyers due to its strong Capital Growth potential, Lifestyle Appeal (climate, proximity to stunning beaches and vibrant culture) and fast growing population and job market driving strong rental demand and Infrastructure spending is likely to increase as the 2032 Olympic games draw closer

Currently tenanted on an open lease, the 4 bedroom, 2 bathroom, 2 car garage house offers the investor a rental income whilst planning the project

Categories: Land/Development, Residential, Other

Contact Caroline Bailes on 0435 291 378 to discuss further.

Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.

Disclaimer:
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.