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Back 40 Bute Street
Off Market

40 Bute Street

Sherwood QLD 4075

4
4
8
607 m²
Block of units
Last sold for $1,780,000
Maria PeirceMaria Peirce, last sold this property on 16 July 2025 after 56 days on market.

Overview

Rare Investment Opportunity - Sherwood Block of Units

An incredibly rare investment opportunity has arisen in the heart of Sherwood, offering a unique chance for the savvy investor to secure a block of four units on a generous 607sqm lot with a 19.5m frontage. Built in the 70s and kept as one title with no strata, this exceptional investment is set to be sold, making it a must-see for those seeking future growth and potential in Brisbane's evolving market. Comprising four well-appointed one bedroom units, each with one bathroom and two carparks- this investment boasts a total rental return of $78,520.00. Each unit offers comfortable living spaces designed to cater to the needs of modern tenants. The thoughtful layout ensures privacy and functionality, making these residences highly desirable for those seeking convenience and quality. With a strong rental return already in place, there is also enormous potential to maximize future rental yield through strategic upgrades and enhancements. Beyond its immediate income potential, the property is zoned as Low-Medium Density Residential (LMR) with a "2 or 3 storey mix," opening the door to redevelopment possibilities, subject to council approval. Whether you choose to reimagine the site for a bespoke multi-residential development or retain the existing structure for a high-yield investment, the possibilities are boundless in this prime location. Set in a highly sought-after suburb and just minutes from Sherwood Arboretum, Graceville's vibrant café precinct, cinemas, train station, and top schools both public and private, the location is as appealing as the opportunity. Whether you are an astute investor looking for a solid return, a developer seeking an exciting new project, 40 Bute St, Sherwood presents an unmatched opportunity. Properties of this calibre and potential do not come along often-secure your investment in this thriving pocket of Brisbane.

Features

4 bedrooms
4 bathrooms
8 carspaces
8 garage spaces
607 m² lot size
Block of units

Estimated Value

We need at least 3 similar 4 bedroom block of units sold in Sherwood over the last 12 months.

Property history for 40 Bute Street

2025
Sold
$1,780,000
16 Jul 2025 by Maria Peirce, of Belle Property Sherwood

Happy sellers in Sherwood

79%
79% of sellers in Sherwood reported that their sale price either exceeded or met their price expectations.

Sherwood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 16 reviews in Sherwood over the last 12 months.

Local market activity for 4 bedroom block of units in Sherwood

Nearby agents

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Douglas May

Sellers who recommend Douglas May have praised them for being clear communication, local expert, responsive, reliable, supportive, honest and hard-working

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Michael Harvey

Sellers who recommend Michael Harvey have praised them for being clear communication, local expert, responsive, friendly, honest, reliable and dedicated

  •   4.9   (128 reviews)
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Ann-Karyn Fraser

Sellers who recommend Ann-Karyn Fraser have praised them for being local expert, clear communication, friendly, honest, reliable, persistent and hard-working

  •   4.9   (48 reviews)
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Corey Martin

Sellers who recommend Corey Martin have praised them for being clear communication, local expert, responsive, reliable, honest, friendly and well-prepared

  •   5   (329 reviews)
  •  4 Reviews in Sherwood
  •  2 Sales in Sherwood
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