204 Ipswich Road, Woolloongabba QLD 4102

Colliers is pleased to exclusively present for sale 204 Ipswich Road, Woolloongabba.

Positioned directly opposite the Princess Alexandra Hospital, one of Australia's largest health precincts, this significant inner-city landholding presents a rare opportunity to secure a holding income asset with a near-term development pathway in one of Brisbane's most tightly held urban markets.

Occupying a prominent 1,627m²* site, the property currently comprises a 36-unit residential complex generating holding income while offering substantial future development upside. The asset benefits from an existing approval for a 50-room student accommodation development, providing purchasers with a de-risked opportunity to capitalise on growing demand from Brisbane's education and healthcare sectors.

Located within walking distance of Princess Alexandra Hospital, Buranda Village, Buranda Busway Station and Cross River Rail, the property is strategically positioned within a major employment, education and transport hub just 3km* south of the Brisbane CBD.

Property features include:

- 1,627m²* inner-city landholding

- Existing 36-unit residential building

- Strong holding income with future development upside

- Approval in place for a 50-room student accommodation development

- Directly opposite the Princess Alexandra Hospital precinct

- Walking distance to Buranda Village, Busway Station and Cross River Rail

- Strong underlying demand from healthcare, education and residential markets

- Significant value-add and redevelopment potential

- Prime Woolloongabba location approximately 3km* from the Brisbane CBD

The property is available for sale individually or together with 31 School Street, Kelvin Grove, providing purchasers with the opportunity to acquire a strategic two-asset portfolio with complementary income streams and future development potential across two of Brisbane's most sought-after inner-city precincts.

204 Ipswich Road, Woolloongabba is offered for sale via Expressions of Interest closing Wednesday, 28 October 2026 at 4:00pm (AEST).

*Approximate.

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