42 Prospect Terrace, St LuciaQLD 4067

DA-Approved Opportunity Offering Exceptional Lifestyle & Investment Appeal This elevated 607m2 allotment offers enormous upside, appealing to developers, builders, investors and sophisticated buyers seeking strong long-term growth. The current approval allows for the creation of two 304m2 lots, each benefiting from an approx. 10.05 metres frontage each in a highly desirable leafy outlook. Positioned amongst established greenery, the property enjoys a peaceful setting with elevated suburban views and future potential to further capture the outlook from multiple new builds. Astute developers may look to capitalize low to medium density zoning and explore other development opportunities. The existing residence provides immediate liveability and holding income while future plans are progressed. Featuring two bedrooms, generous living areas, timber flooring, a functional kitchen, outdoor entertaining deck and a spacious backyard, the home offers flexibility for buyers looking to hold, rent, renovate or proceed with the approved development. Superbly located close to The University of Queensland, Ironside State School, St Lucia Village, local parks, public transport and the Brisbane River lifestyle, this address offers the perfect combination of lifestyle appeal, land value and development potential. Additional Features Include: - 607m2 allotment with 20.1m frontage - DA approved for two separate 304m2 lots - Low-Medium Density Residential zoning with increased building height potential - Potential to explore a range of residential development outcomes (STCA) - Existing residence offering immediate liveability and holding income - Charming 2-bedroom, 2 bathroom character home with two car accommodation - Walking distances to local shops, cafes, parks & bus stops - Within Ironside State School & Indooroopilly State High School catchments - Minutes from elite schools - St Peter's Lutheran College, BBC, QASMT, Bridigine and the University of Queensland - 4mins drive to Toowong Village and Toowong Station - 6mins drive to Indooroopilly Shopping Centre - Approx 6kms to the Brisbane CBD