UNDER CONTRACT

20 BED | 10 BATH | 10 CAR

Investment or Redevelopment Opportunity

Offered to market for the first time since its construction in the 1960’s, this 10-unit cavity brick complex represents a rare city fringe investment or future redevelopment opportunity.

Situated at the end of a cul-de-sac, directly opposite parkland and bikeways, the four lot 1,657m2 parcel comprises ten spacious two bedroom, one bathroom, single car apartments.

Currently yielding $148,980 annually (with one unit currently vacant), it is a solid ready-made investment and high-growth asset to hold for years to come. Alternatively, its B R4 zoning presents the option to capitalise on the prime site and construct a new luxury multi-unit development.*

Approximately 4km from the CBD, the property boasts exceptional proximity to major hospitals (Greenslopes, Princess Alexandra, Mater), universities (Griffith Mount Gravatt, University of Queensland St Lucia), arterial roads, and the M3. Walking distance to local amenities including Stones Corner Shopping Centre, Centro Buranda, Buranda Busway and Railway, and the future Metro Station. Enjoy the cafes, restaurants, bars and cinemas of Stones Corner and Coorparoo right on the doorstep.

With the 2032 Brisbane Olympics now confirmed, this is also an outstanding opportunity to landbank a complex only 10 minutes from the CBD and approximately 2km from The Gabba, benefitting from future capital growth.

Annual Total Council Rates: Approx. $12,126 excl. water/sewer

Annual Total Water/Sewerage Fees: Approx. $15,268

For a copy of the Information Memorandum please contact the agent.

* Subject to Brisbane City Council Approval.

** Image outlines indicative only.

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.