Positioned in an elevated, city-fringe location with sweeping suburban outlooks and glimpses of the Brisbane skyline, this tightly held block of flats presents a rare opportunity to secure a substantial landholding of 931m² on a single title with LMR zoning. Offering immediate rental return and long-term potential, this is the type of asset that rarely becomes available.
Projected total weekly income $4555.
Projected total annual income $236,860.
The outgoings provided by the the current owner are as follows...
Annual insurance fees are approximately $2,598.24.
Annual Urban Utilities fees are approximately $7,756.28.
Annual Council Rates fees are approximately $9,809.60.
Annual AGL gas supply fees are approximately $1,696.56.
Annual AGL electricity fees are approximately $4500.
The building has a 15kw solar system installed to assist with the cost of power.
The complex comprises a collection of eight units, thoughtfully configured to appeal to a broad tenant demographic. There are five one bedroom, one-bathroom units ideal for singles and young professionals, two spacious two-bedroom, one bathroom units suited to couples or small families, and a larger three-bedroom, two-bathroom unit providing flexibility for extended living arrangements or premium rental income. This diverse mix ensures strong occupancy and income resilience.
Constructed in solid brick, the building is set across a generous footprint with ample on-site parking and easy access for all residents. The elevated position not only enhances natural light and breezes throughout the complex but also captures attractive outlooks across the surrounding suburb towards the CBD.
From a location perspective, the property is exceptionally well positioned. Residents enjoy convenient access to local shops, cafes, public transport options and key arterial roads, ensuring seamless connectivity to the Brisbane CBD and surrounding lifestyle precincts. This is an area that continues to experience strong rental demand driven by its proximity to the city, schools and everyday amenities.
Disclaimer:
Whilst every care has been taken in preparing this information, it has been provided by the seller and other sources believed to be reliable. No warranty or representation is made as to its accuracy, completeness or currency. Interested parties should not rely solely on the information provided and are encouraged to make their own enquiries and obtain independent legal, financial, building, pest, planning and other professional advice before making a decision to purchase.
Buyers should satisfy themselves as to all aspects of the property, including but not limited to land dimensions, improvements, zoning, development potential, planning approvals, building approvals, easements, services, flood and bushfire mapping, environmental matters, tenancy details, body corporate information (where applicable), and any other matter relevant to their purchase.
The seller and the agent accept no liability for any loss or damage arising from reliance on the information provided. All prospective purchasers must rely on their own investigations and due diligence.
