15-17 Scott Street, Red Hill QLD 4059

Property Details: • Type: House

• Bedrooms: 8 • Bathrooms: 5

Description: Phone Enquiry ID: 234815 Prime Inner-City Development Opportunity Dual Blocks, Strong Holding Income and potential Dual street Frontage An exceptional opportunity to secure a rare landholding with immediate income and outstanding future development potential. Spanning two titles with a combined land area of approximately 759m² and 26.5 metres of frontage, this unique property presents multiple pathways for investors, developers, and land bankers alike. Currently configured as a complex of six units, the property generates over $135,000 per annum in rental income, providing strong holding returns while future plans are realised. Key Features 759m² total land area across two separate blocks 26.5 metres of combined street frontage Six-unit complex Returning over $135,000 per annum Demolition approval already in place Ideal development, land banking, or value-add opportunity Rare scale for inner-city redevelopment Additional Opportunity Rear Character Home Positioned on a separate 362m² title, the charming character home at the rear is currently configured as three self-contained units. This property can be purchased separately for $1.7 million, presenting further income or development potential. Combined, the holdings create well over a quarter acre of prime development land with dual street access, an increasingly rare offering in tightly held locations. Investment Highlights Immediate high-yield income stream Approved demolition reduces development lead time Flexible acquisition options: purchase the six-unit complex alone or secure the entire assemblage Significant upside through redevelopment or reconfiguration Opportunities of this scale, with income, approvals, and dual street frontage, are rarely available. .