1 - 8/56 Prospect Terrace

Kelvin Grove QLD 4059

1239 m²

Block of units

Currently for sale - view listing

Overview

Whole Block of Flats | Secure Income | Outstanding Inner-City Position

A rare opportunity to secure an entire block of flats in the heart of Kelvin Grove, offering a strong existing income stream together with excellent long-term capital growth potential. Positioned on Prospect Terrace, the property comprises ten self-contained residences across eight flats, with a combination of one-bedroom apartments and studio accommodation. Fully leased, the property currently returns approximately $220,000 per annum in gross rental income, providing an attractive and diversified income stream from day one. A full tenancy schedule and supporting lease information can be provided to interested buyers on request, as well as further details on annual outgoings. The location is a major part of the opportunity. Kelvin Grove continues to benefit from its proximity to the Brisbane CBD, QUT Kelvin Grove, the Royal Brisbane and Women's Hospital, public transport and a wide range of local shops, cafés and amenities. The property is also within walking distance of Victoria Park and the future Brisbane Olympic precinct, placing it in an area set to benefit from significant investment and infrastructure in the lead-up to the 2032 Olympic and Paralympic Games. Whole blocks of flats in established inner-city locations are tightly held, particularly those offering this level of existing income. For investors looking for a strong return with the added benefit of long-term capital growth, 56 Prospect Terrace presents a particularly compelling opportunity. Property features include: • Entire block offered for sale in one line • Ten self-contained residences across eight units • Mix of one-bedroom apartments and studios • Approximately $220,000 per annum gross rental income • Fully leased investment • Minimal vacancy • Multiple income streams across the one holding • Approximately 3km from the Brisbane CBD • Close to QUT Kelvin Grove and the Royal Brisbane and Women's Hospital • Walking distance to Victoria Park and the future Olympic precinct • Excellent access to public transport and surrounding amenities • Strong investment fundamentals in a tightly held inner-city location For further information, including the tenancy schedule and supporting documentation, contact Reuben Packer-Hill on 0401 840 361