Poised in one of the most prestigious suburbs in Brisbane, 14 Gailey Road is in the heart of St Lucia. Known for its abundance in nature all around and with the blooming of Jacaranda's it's truly a majestic atmosphere whilst still positioned only a short drive to the Brisbane CBD offering a comfortable and convenient lifestyle for its future owners. Just a short walk from the prestigious University of Queensland and several coveted inner-west schools, this sizable 632sqm blue chip allotment presents an immediate income-producing residence with an existing DA approval for 4 townhouse allocations. Lot Dimensions: 15.6m Frontage x 39.4m Depth x 39.7m Depth x 15.7m Rear Zoning: LMR2: Low-Medium Density Residential (2-3 Storey Mix) With student accommodation so close to the university always in demand, the rental revenue will be a sound long-term investment strategy or a valuable income addition whilst you consider all new architectural design plans and construction options. Set into the hillside, a substantial, multi-level townhouse complex with an unimpeded river and city views is nothing too common. This address presents the best of both worlds, with 5-minute walking convenience to buses headed into the city via Toowong, to Indooroopilly Shopping Centre or straight into the heart of the UQ campus. The local Hawken Village shops are a 5-minute drive away. Investors, students still at school or renting, university employees and city commuters will value the amenity of this outstanding location. Positioned in the catchment for the prestigious Ironside State School and Indooroopilly State High School, these schools as well as the private schools of St. Peters Lutheran College and Brisbane Boys' College are situated within approximately a 25-minute drive. A recreational activity-rich area, there are riverside bikeways, the sporting fields and facilities of UQ and both St. Lucia and Indooroopilly golf courses just a few minutes away. Conveniently located just 6minutes (3.5km) west of the Brisbane CBD, 12.5minutes to the Brisbane Airport and all within a short walking distance to a variety of local shops and dining options in neighbouring suburbs Toowong, Indooroopilly & Taringa - 14 Gailey Road, St Lucia presents a once-in-a-lifetime opportunity for astute investors seeking to land bank, lease out, develop or even reside amongst other established and increasingly popular properties in the prestigious St Lucia locality. Obtain rental income to offset the holding cost, demolish and develop the land or land bank for future prospects, the choice is yours! This kind of opportunity does not come by often and is something not to be missed. Our instructions are clear - this property must be SOLD! To ensure that you do not miss out on this opportunity, register your interest today.