Discover an exceptional investment opportunity at 92 Stuart Street, Bulimba, where immediate rental returns meet outstanding future potential. Positioned on a generous 627sqm corner allotment in one of Brisbane's most sought-after inner-city precincts, this rare offering presents the opportunity to capitalise on the existing improvements, renovate to maximise rental income, or explore redevelopment possibilities (STCA).
The property comprises four renovated units, each offering two bedrooms, one full bathroom and secure parking for one car. Registered on one title with no strata fees, the property provides investors with a straightforward, low-maintenance asset in a tightly held location.
The existing post-war dwelling is LMR-zoned as prescribed by Brisbane City Council and falls within the proposed "More Homes Sooner" planning changes, creating exciting potential for future redevelopment, including the possibility of up to four storeys (subject to council approval). The elevated corner position also offers the potential for city views with future development.
Whether you're seeking a long-term landholding, increase rental returns, or planning to redevelop (STCA), this is a rare opportunity to secure a blue-chip site in a premium lifestyle location.
Key Features:
- Generous 627sqm corner allotment with potential city views
- Four renovated units, each with two bedrooms, one bathroom and secure parking for one car
- Registered on one title with no strata fees (can be strata titled)
- Post-war dwelling with LMR zoning under Brisbane City Council
- Included within the proposed "More Homes Sooner" planning changes
- Potential redevelopment opportunity for up to four storeys (STCA)
- Opportunity to redevelop (STCA), capitalise on the existing improvements or to maximise rental income
- Currently returning $131,988 Gross (12 monthly statement available)
- Potential to further enhance returns through redevelopment or additional dwellings (STCA)
- Rare unit block offering in a tightly held inner-city location
Recently updated internally, each residence combines modern comfort with solid brick construction, creating an attractive proposition for quality tenants while keeping maintenance requirements low. Oversized secure garages and additional off-street parking further enhance the property's appeal.
Situated just moments from the vibrant cafés, restaurants, boutiques and entertainment of Oxford Street and the popular Hawthorne lifestyle precinct, as well as public transport, parks and quality schools, this is an investment that offers both exceptional lifestyle appeal and significant long-term upside.
For further information or to arrange a private inspection, contact Darcy Lord on 0427 124 345 or dl@eplace.com.au to secure this outstanding investment opportunity.
Disclaimer
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
