198 Hawken Drive

St Lucia QLD 4067

Opportunities of this scale and flexibility in St Lucia are becoming increasingly rare.Positioned on a substantial 759m elevated allotment in one of Brisbane's most tightly held blue-chip suburbs, this property presents an outstanding opportunity for developers, investors, builders and owner-occupiers alike.Unlike a vacant site, the existing four-bedroom, two-bathroom post-war home provides the ability to generate holding income while plans are prepared and approvals pursued, creating valuable flexibility and reducing carrying costs during the development process.Adding further appeal, the neighbouring property has already secured development approval for subdivision into two lots. While buyers should undertake their own investigations and obtain independent advice, this nearby approval provides a compelling indication of the area's development potential and the opportunity to add significant value.Whether your vision is to create a luxury family residence on a generous parcel of land or explore the possibility of a future subdivision this Hawken Drive location makes it close to impossible to over capitalize. This is a property that offers multiple pathways to profit in one of Brisbane's most sought-after locations.Build up and take advantage of the elevated position to potentially capture city glimpses and Mount Coot-tha views, while enjoying the convenience of being just moments from premier schools, the University of Queensland, local shopping and the Brisbane CBD.Why This Opportunity Stands Apart 759m elevated allotment in premium St Lucia location Existing 4-bedroom, 2-bathroom home providing holding income Potential future subdivision opportunity (STCA) Neighbouring property has already secured subdivision approval Opportunity to create additional value through the approval process Potential city and Mount Coot-tha outlook from an elevated build Ironside State School and Indooroopilly State High School catchments Unbeatable Location St Lucia Shopping Centre - approximately 350m University of Queensland - approximately 800m Guyatt Park and Brisbane River - approximately 600m Ironside State School - approximately 1.2km St Peters Lutheran College - approximately 2km Toowong Village - approximately 2km Toowong Train Station - approximately 2km Indooroopilly Shopping Centre - approximately 3.5km Brisbane CBD - approximately 5km Rarely does a property offer the combination of immediate usability, future development potential and blue-chip location. Secure the income today, explore the possibilities tomorrow, and position yourself to benefit from one of Brisbane's most consistently high-performing suburbs.NB. All property boundary outlines are indicative only.