Why Buy an Apartment When You Can Own the Land?

259 Water Street, Spring Hill QLD 4000

For Sale
 | For Sale
Beds: 2 Baths: 2 Car Park: 2

Set on 235 sqm of prime inner-city land, the property offers the convenience of apartment-style living with the independence and benefits of freehold ownership. Beautifully renovated while retaining its original charm, the residence features soaring ceilings, leadlight windows, ornate fretwork, traditional colonial architraves and an abundance of natural light.

A spacious open-plan living and dining area is complemented by a well-appointed kitchen, quality bathroom finishes, elegant chandeliers, brass hardware and multiple new split-system air conditioners. Outside, the distinctive traditional shopfront façade gives the property a character all its own, while a secure gated courtyard provides off-street parking for two vehicles — an increasingly valuable advantage in this inner-city location. App-controlled security cameras provide additional peace of mind.

With premium new two-bedroom apartments in nearby “Oria” commanding starting prices from $1.68 million, this beautifully renovated freehold property presents a compelling alternative — your own land, two-car accommodation, character and exceptional flexibility for a comparable price.

For buyers comparing this property with a premium apartment, the difference is significant: 235 sqm of freehold land, your own private entrance, no shared walls, two-car accommodation and far greater flexibility for the future. Positioned diagonally across from the proposed “Lotus on Water” apartment development and approximately 500 metres from “Oria”, the property sits within an evolving precinct benefiting from substantial new development and infrastructure investment.

Fortitude Valley Station, King Street and the RNA Showgrounds are within walking distance, while major hospitals, parklands and some of Brisbane’s leading schools are close by. The future Victoria Park Olympic precinct further enhances the long-term appeal of this highly connected location. Adding another dimension is an approved Development Approval (DA) for conversion to a Class 5 commercial office, providing valuable future flexibility for professional, business or live-work use.

Property Highlights:
. Rare 235sqm freehold inner-city property
. Beautifully renovated character residence
. Compelling alternative to premium two-bedroom apartment living
. Spacious, light-filled open-plan living and dining
. Soaring ceilings, ornate fretwork and leadlight windows
. Well-appointed kitchen and quality bathroom finishes
. Chandeliers, brass hardware and multiple split-system air conditioners
. Secure gated courtyard with parking for two vehicles
. App-controlled security camera system
. Approved DA for conversion to Class 5 commercial office
. Residential, professional or live-work flexibility
. Walk to Fortitude Valley Station, King Street and RNA Showgrounds
. Close to leading schools, hospitals and parklands
. Well positioned within Brisbane’s evolving inner-city 2032 Olympic Games precinct
. More Than Apartment Living

When premium two-bedroom apartments nearby are commanding starting prices from $1.68 million, the opportunity to secure your own freehold property and land for a comparable price deserves serious consideration.

Your own front door. Your own land. Two-car parking. Beautiful character. And the flexibility to adapt as your needs change.


Inspection Times

Property Features

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