16 Denman Street, Greenslopes

SOLD AT AUCTION

7 BED | 4 BATH | 4 CAR

Ideal Investment or Development Site – Four Units on 809sqm

Featuring a prime position in the Greenslopes shopping and hospital precinct, this complex of four units on an elevated 809sqm presents an excellent investment and development opportunity.

Just metres from transport, Greenslopes Mall and Greenslopes Private Hospital, there is endless potential to redevelop the site and build multiple new residences with city views.* Alternatively, landbank and reap the rewards of this spectacular setting only 7klms from the CBD.

Ideal for investors or your superannuation, these units feature no Body Corporate fees and high returns.

Additional property highlights:

- 4x units featuring varying floor plans with original and updated interiors

- Unit 1 currently leased $270p/wk – living area, kitchen, bathroom and two bedrooms

- Unit 2 currently leased $260p/wk – living area, kitchen, bathroom and one bedroom

- Unit 3 currently leased $280p/wk – living area, kitchen, bathroom and one bedroom

- Unit 4 currently leased $395p/wk – living area, kitchen, bathroom with a separate toilet, three bedrooms and an exclusive ground floor rumpus

- The ground floor also includes a common area, storeroom and laundries

- 4x garages, each accommodating up to two vehicles

- Annual Gross Income $62,660 with scope to significantly improve.

Council Rates $1,541.13 per qtr excl. sewer/water

Presenting exceptional lifestyle convenience and a walk-to-everything lifestyle, these units are less than 500m from cafes, Greenslopes Mall and Greenslopes Private Hospital. Serviced by local buses and the SE Busway, you are also just a short walk from Greenslopes State School, Thompson Estate Reserve and Stones Corner Village.

Moments from renowned private schools, including Loreto, Villanova and Our Lady of Mt Carmel, and only 10 minutes to the CBD – this property offers outstanding investment and development potential.

*Subject to council approval.

AUCTION: On-site Saturday 10 July from 9:00am.

Disclaimer

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Interested in this property?

We invite you to experience this exceptional new property for yourself. Inspect now. Contact Denis at 0438 457 599 or use the form below.