SOLD AT AUCTION

10 BED | 5 BATH | 6 CAR

Invest or Develop

Sitting on 819m2, this dual-access block of five units presents a ready-made investment or opportunity to develop a prime LMR site in high-growth Greenslopes*.

Situated metres from Greenslopes Hospital and Mall, the land parcel boasts dual access with a driveway fronting Mount Street. The north-south oriented block currently accommodates 5 separate units yielding $1,510 per week.

Options for the property include:

- Enjoying the immediate and secure investment offered by the fully tenanted premises

- Taking advantage of the block’s LMR zoning to demolish the existing building and redevelop into up to 5 new units*

- Removing the existing building to construct one or two new luxury homes capitalising on the prime location*

Unit 1 - 1 bed 1 bath $240

Unit 2 - 2 bed 1 bath $305

Unit 3 - 2 bed 1 bath $310

Unit 4 - 2 bed 1 bath

Unit 5 - 2 bed + study 1 bath $340

Garaging for 6 vehicles

Communal laundries and gardens.

Approximate Gross Rental Income $79,820 per annum

Rates $1,704.39 per quarter excl. sewer / water

Just 5km from the CBD, and an easy walk to local shops, cafes, schools and parkland, this address is also moments from excellent bus links and the South-East Freeway, with swift access to vibrant lifestyle precincts including Coorparoo Square with its cinemas, bars and fine restaurants.

*Subject to Brisbane City Council Approval

AUCTION : On-Site Sat 25 Sept 10am

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.