153 Mowbray Terrace, East Brisbane.
A former childcare centre on a massive 1,505 sqm block minutes from Brisbane’s CBD has attracted developers, owner-occupiers and businesses after hitting the market.
The property, at 153 Mowbray Terrace, East Brisbane, was previously operated by Goodstart Early Learning but is now being offered with vacant possession following the group’s move to their new centre.
153 Mowbray Terrace, East Brisbane.
The site was a former childcare centre.
Place Bulimba’s Matthew Hackett said the scale and flexibility of the site had triggered strong interest since launching to the market six days ago.
“This is one of the most versatile properties currently for sale in Brisbane and I have not seen a property like this in my 28-year career of selling property in the area,” he said.
“We’re seeing developers, owner-occupiers and business buyers all looking at it through a different lens.”
“You’ve got the ability to create a significant residential property, establish a commercial operation, or design something that blends both.”
Spanning 1,505 sqm and positioned opposite Churchie, Anglican Church Grammar School, the property includes multiple buildings, expansive outdoor areas and parking for 10 cars.
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Aerial view of the property.
153 Mowbray Terrace, East Brisbane.
Mr Hackett said buyers were recognising the long-term upside, particularly with major infrastructure reshaping the surrounding precinct ahead of the 2032 Olympics.
“You’re minutes from the CBD, close to the Gabba, and within reach of the New Cross River Rail Woolloongabba station,” he said.
“There’s a real lifestyle play here.
“You could create a large-scale prestige home with a pool, landscaped grounds, even a putting green, along with space for 10+ vehicles or recreational use; it’s something that’s increasingly hard to achieve this close to the city.”
Zoned Character Residential, the site offers scope for residential, commercial or alternative uses, subject to council approval.
The site was a former childcare centre.
153 Mowbray Terrace, East Brisbane.
Mr Hackett said the diversity of enquiry reflected the nature of the opportunity.
“It’s not often a property appeals across so many buyer groups at once,” he said.
The property is on the market via expressions of interest closing April 23.
PropTrack data shows the median house price in East Brisbane is $1.62m, up 11.2 per cent over 12 months.
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