155&159 Sir Fred Schonell Drive,

St Lucia

This is an outstanding opportunity to secure a prime development site in one of Brisbane's most sought-after residential destinations. Ray White Toowong and Savills are proud to be offering for sale 155 and 159 Sir Fred Schonell Drive, a total of 1,358 sqm of land opposite popular Guyatt Park and a short walking distance to the University of Queensland, St Lucia campus. The two adjoining properties combined provide the opportunity to acquire a viable development site with well provisioned access from Brisbane St. - 155 Sir Fred Schonell Dr is a 655m2 allotment with an established highset brick home and a current tenancy returning $600 per week & increasing to $655 per week in January 2023. - 159 Sir Fred Schonell Drive comprises a corner allotment housing 4 flats on a regular 703m2 site. The flats are currently renting for between $360-$380 per week, 3 of which are currently tenanted. - Zoned LMR 2 Low-Medium density residential with allowable usages including multiple dwellings, residential care facility, retirement facility, rooming and short-term accommodation. - Both properties are being offered for sale as a combined land parcel