33-35 Castle Hill Street, Holland Park West is going to auction on July 18.
One of inner-Brisbane’s largest residential development parcels is going under the hammer, with the majority of proceeds set to fund conservation and animal welfare charities.
The massive 7,204 sqm hilltop estate in Holland Park West — one of the largest and most significant residential development parcels to hit the market — is going to auction, with the proceeds set to help fund conservation charities.
Held by the same family since 1988, the holding at 33-35 Castle Hill St includes a six-bedroom, three-bathroom house with six-car undercover parking.
Aerial view of 33-35 Castle Hill Street, Holland Park West.
What a view!
It is being marketed by Ray White Bulimba principal Brandon Wortley, and is set to go under the hammer on July 18.
“Located just 15 minutes from the Brisbane CBD, this elite asset captures country-style seclusion, panoramic point-blank city and mountain views, and the versatile scale to become either Brisbane’s finest subdivision or a world-class trophy home site,” Mr Wortley said.
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The view from the balcony.
The pool.
The majority of the proceeds from the auction will fund major conservation projects, including preservation of land of high conservation value and animal welfare charities.
Mr Wortley said the defining crown jewel of this massive footprint is its development capability.
“Allotments of this magnitude within Brisbane’s tightly held inner-ring are virtually extinct, giving astute developers and land bankers the rare scale needed to execute a once-in-a-lifetime opportunity,” Mr Wortley said.
Looking back towards the house.
“With a sprawling master canvas to work with, the property has the highly lucrative potential to yield up to 14 brand-new residential lots with premium envelopes positioned to capture the breathtaking, uninterrupted city and mountain skyline.
“Whether a buyer chooses to divide the site into premium, high-demand vacant parcels or construct a luxury multi-dwelling enclave, the financial upside is unmatched.”
Enhancing the appeal of the estate is a comfortable, liveable family home already on the grounds, he said.
The kitchen.
Perfectly functional as a primary residence while securing development approvals, or as a premium rental asset, the two-storey renovated post-war home features multiple living areas, upper and lower verandas, a swimming pool, and a 3.5m fenced grassed playing are the size of a tennis court.
With no removal restrictions on the existing home, buyers can safely land-bank the asset while finalising architectural blueprints, Mr Wortley said.
“The sheer size allows a buyer to retain, renovate, expand, or remove the existing home to create an architectural masterpiece of epic proportions flanked by expansive guest pavilions and multi-car garaging, completely immersed in nature,” Mr Wortley said.
The massive 7,204 sqm estate in Holland Park West is one of the largest and most significant residential development parcels to hit the market in recent years.
For the current owners, the estate has been a peaceful sanctuary for raising a family and an effortless place to entertain, hosting decades of milestone birthdays and years spent enjoying the view, watching the city fireworks and the changing weather patterns from the veranda.
PropTrack data reveals the median house price in Holland Park West is $1.54m, up 11.4 per cent over 12 months.
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