RateMyAgentGo to search
Back 60 Bishop St
Off Market

60 Bishop St

St Lucia QLD 4067

10
4
4
0 m²
571 m²
House
Last sold for $1,250,000
Scott GemmellScott Gemmell, last sold this property on 27 March 2019 after 125 days on market.

Overview

Considering All Offers & an Incredible 8.0% Return!

The Sellers instructions are clear... they want all offers to be presented and all reasonable offers will be considered! This is a superb opportunity and at this property, it can be so easy to make good money ...so make sure you read on... The current Seller is actually achieving an 8.0% (approx.) Gross Return and the yield isn't even maximised. After their current costs, it is actually yielding a 7.5%+ Nett Return based on a $98,000 nett income. This is basically unheard of in main-stream residential property. The kicker is ... this property actually is a main-stream residential property. In fact, it is two properties in one. The opportunity sits on two lots, being 1/60 & 2/60 Bishop St, St Lucia. The homes themselves are in excellent condition. They are clean, tidy, low maintenance and close to all that St Lucia has to offer. This is a superb investment in an area of Brisbane that ticks all of the investment boxes. The features are as follows (but certainly not limited to): * 1 x Post War Home whilst the 2nd Home was constructed in 1991; * The 2 lots bring the total land area to a valuable 571sqm; * Hardwood timber flooring, tile roof, rewiring & new plumbing; * Both homes have separate electricity & gas meters; * Properties are furnished with Lounges & Televisions; * Kitchens have freestanding ovens / fridge and dining area; * Two separate laundries with washing machines & dryers; * All bedrooms feature a desk, ceiling fans & cupboard with Data; & * Full code compliance with sensor lighting and good security. Not only does this property offer ideal investment criteria, it also offers the following location and lifestyle benefits that this prestigious suburb of St Lucia has to offer: * 100m to Bus for UQ and/or the CBD; * 1.5km from the University of Queensland; * 1km from City Cat Terminal; * 3km from Indooroopilly Shopping Centre; * 6km from Brisbane CBD; & * School catchments such as: Brisbane Boys College, St Peters Lutheran College, Ironside State School and Indooroopilly State High. All of the initial set up has been done and everything is in place to maximise a very easy investment. Current tenancies are in lease agreements to provide immediate income with further expansion on the current return. The full financial figures relating to income and expenses is available for review and discussion. The opportunities here are considerable. 1. You could simply buy as is and reap the rewards of an immediate solid income; or 2. You could actually live in one of the Duplexes and rent out the other; or 3. You could actually bring the home back to its original state and have a significant home in one of the best suburbs. The choice is yours! Connect with Scott now to discuss the opportunity in full detail because there are simply too many details to accurately list all of them here. We can then arrange your inspection and then you can really appreciate what is on offer. Expressions of interest are to be submitted by 5pm, Monday the 11th February, however, the right offer prior will buy the property and all assistance will be given regarding price expectations.

Features

10 bedrooms
4 bathrooms
4 carspaces
4 carport spaces
0 m² floor area
571 m² lot size
House

Estimated Value

We need at least 3 similar 10 bedroom houses sold in St Lucia over the last 12 months.

Property history for 60 Bishop St

2021
Rented
Undisclosed
Leased on 25 Jul 2021 by Bromley Real Estate
2019
Sold
$1,250,000
27 Mar 2019 by Scott Gemmell, of LJ Hooker Property Centre
2016
Sold
$1,275,000
06 Oct 2016 by Craig Sharp, of Ray White MetroWest

Happy sellers in St Lucia

85%
85% of sellers in St Lucia reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 46 reviews in St Lucia over the last 12 months.

Local market activity for 10 bedroom houses in St Lucia

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in St Lucia

placeholder
Elliott Dean

Sellers who recommend Elliott Dean have praised them for being clear communication, local expert, responsive, honest, reliable, supportive and pleasant

  •   4.9   (408 reviews)
  •  20 Reviews in St Lucia
  •  18 Sales in St Lucia
View profile
placeholder
Brett Andreassen

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

  •   4.9   (408 reviews)
  •  7 Reviews in St Lucia
  •  10 Sales in St Lucia
View profile
placeholder
Bryan Reed

Bryan Reed is a recommended agent for St Lucia.  They have 7 local sales and collected 7 local reviews across the last 12 months.

  •   4.9   (203 reviews)
  •  7 Reviews in St Lucia
  •  7 Sales in St Lucia
View profile
placeholder
Eddie Singh

Sellers who recommend Eddie Singh have praised them for being local expert, clear communication, responsive, reliable, dedicated, supportive and well-prepared

  •   5   (100 reviews)
  •  6 Reviews in St Lucia
  •  11 Sales in St Lucia
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap