The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
UPCOMING EVENT - INDUSTRIAL AND LOGISTICS SUMMIT 16 OCTOBER, SYDNEY
INDUSTRIAL AND LOGISTICS SUMMIT - TICKETS NOW ON SALE
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialStaff WriterMon 20 Jun 16

Riverfront Bonanza: Residential Plans Included In CBD Waterfront Sale

S

The planned Quay residential development at 30 Herschel Street Brisbane stands on the last developable piece of Brisbane's CBD riverfront land presenting a rare opportunity on a prime holding.

As reported in The Australian Financial Review, Nielson Properties is selling the site with expectations it could sell for $60 million, with the property delivering a holding net income of $1.72 million per year.

Developer Ross Nielson told The AFR that the sale's timing was better suited to a long-term investor.

"It's a development that is not planned for the current cycle, but for the future," Mr Nielson said.

The Quay apartments feature plans for twin towers and are designed to capitalise on the Queen’s Wharf project which will entail the redevelopment of approximately 10 per cent of Brisbane's CBD. The scheme of the towers holds a total project value of up to $700 million, but while the sale includes the development plans, approvals for The Quay are yet to be received.

In light of the multi-billion dollar Queens Wharf project, proposed Brisbane Transit Precinct redevelopment, and now, the latest CBD residential project to begin construction - Brisbane Quarter's $1bn development - it's clear that residential CBD developments are recognising the importance of a high-quality product to attract a world class audience. This waterfront sale represents a prized opportunity within an up and coming entertainment hub.

  • Street Address: 205 North Quay & 30 Herschel Street, Brisbane

  • Site area: 2,961 square metres

  • Frontages: North Quay (29.1 metres) Herschel Street (76.1 metres)

  • Planning parameters: Brisbane City Plan 2014 PC1 – Principal Centre (City Centre) Zone City Centre Neighbourhood Plan

  • Potential holding net income: $1,720,000 p.a.

ResidentialAustraliaBrisbaneFinanceReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
Salta MD Sam Tarascio
Exclusive

Why Salta Won’t Break Ground on $400m Pipeline

Leon Della Bosca
7 Min
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
Exclusive

Newest Land Lease Player Plots Sector Shake-Up

Taryn Paris
5 Min
Waterloo Affordable Mirvac hero
Exclusive

Affordable Housing Rules Tighten as Proposal Deluge Continues

Clare Burnett
5 Min
View All >
Parramatta Road Rezoning HERO
Policy

Parramatta Road Rezoning Opens Way for 8000 Homes

Vanessa Croll
Goldfields Elimbah Sell-Off hero
Residential

Moreton Bay Superlot Expected to Top $300m

Phil Bartsch
Gatton $150m Over-50s Solara Estate hero
Land Lease Communities

Undersupply Drives Regional Qld Over-50s Land Lease Plans

Phil Bartsch
Demand from its rising ranks of retirees are behind plans for Gatton's first over-50s lifestyle community...
LATEST
Parramatta Road Rezoning HERO
Policy

Parramatta Road Rezoning Opens Way for 8000 Homes

Vanessa Croll
4 Min
Goldfields Elimbah Sell-Off hero
Residential

Moreton Bay Superlot Expected to Top $300m

Phil Bartsch
2 Min
Gatton $150m Over-50s Solara Estate hero
Land Lease Communities

Undersupply Drives Regional Qld Over-50s Land Lease Plans

Phil Bartsch
4 Min
Development

Mirvac and DisplaySweet: Decade of Innovation in Property Sales Tech

Partner Content
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/for-sale-prime-riverfront-site-including-residential-plans