89 Erneton Street

Newmarket QLD 4051

490 m²

615 m²

Block of units

Currently for sale - view listing

Overview

A Prime 6 Unit Block in the Heart of Newmarket

Rarely does an opportunity of this magnitude and versatility present itself in such a blue-chip pocket. Offering an entire block of six units on a prime 615m² zoned LMR2 allotment, this property represents a significant land holding with immediate rental upside and substantial future development potential. Positioned in the heart of Newmarket, the site offers a rare "triple threat" for the savvy buyer: a high-yield investment to hold, a renovation project to add value, or a strategic site for future redevelopment (STCA). The existing structure is well-placed to capitalize on Brisbane's tight rental market while you plan your next move. Positioned just 5km from the CBD, the location ensures low vacancy rates and long-term capital appreciation through proximity to major infrastructure and lifestyle drivers. • LMR 2 Zoned 615m² Allotment: A substantial land footprint with favorable zoning provides a secure foundation for future redevelopment and long-term land banking. • Education and Schools: Located within the sought-after catchments for Newmarket State School and Kelvin Grove State College, ensuring sustained demand from a wide range of tenants. • Recreation and Parks: Walking distance to Banks Street Reserve and the Enoggera Creek Bikeway, providing the lifestyle amenities that drive high rental desirability. • Retail and Convenience: Moments from Newmarket Village, Reading Cinemas, and Coles, offering tenants easy access to essential services and dining. • Transport Connectivity: Direct and frequent links to the Brisbane CBD via the Newmarket Train Station and local bus interchanges, making it a prime location for commuters. This is a rare chance to acquire a significant footprint with favorable zoning in one of Brisbane's most resilient and high-performing suburbs. Please make an enquiry for the Income and further documentation. The property is currently fully rented and at no stage have the units been vacant for more than a couple of days. View by inspection only. Contact us today to arrange your private viewing and secure this premier asset.