14 Otway Street, Holland Park QLD 4121

Large land parcel in prestigious pocket | Development approval for 5 lots | Elevated with city views | Tightly held location This property presents a rare, high-capacity development opportunity rather than a conventional house. Its core strength is the approved plan for five lots on a substantial, elevated block in a tightly held precinct, offering immediate subdivision potential in a suburb close to the CBD. This configuration serves a developer or an investor seeking to capitalise on approved density, not a buyer looking for a finished home. Proceed with the understanding that you are acquiring a development site, with value tied to execution risk and holding costs. The discrepancy in listed land size must be clarified through a title search to confirm the exact developable area. The commercial logic is clear: realise value through subdivision and construction or sale of individual lots. This requires capital and project management; otherwise, the property’s value remains latent.