Positioned on a substantial 731sqm allotment within sought-after LMR2-3 zoning, 45 Bellevue Avenue, Gaythorne presents an increasingly rare opportunity to secure a fully tenanted block of flats with immediate holding income and exceptional development upside. Comprising four well-maintained flats, including two spacious two-bedroom residences and two one-bedroom residences, the property offers a versatile investment opportunity in one of Brisbane's most tightly held inner-north locations.
With several of the flats having benefited from kitchen and bathroom renovations in recent years, the property presents well internally while still offering scope to further enhance rental returns over time. Investors will appreciate the flexibility of a strong buy-and-hold asset with existing income, coupled with the exciting future potential that comes with the evolving Brisbane City Council LMR zoning changes.
Whether you are seeking a strategic landbank opportunity, a high-performing addition to your portfolio, or a site to develop immediately (STCA), this property is exceptionally well positioned to capitalise on the continued demand for quality townhouses and development sites within the area. With Gaythorne and the surrounding suburbs continuing to experience strong growth and resale demand, opportunities such as this are becoming increasingly difficult to secure.
Location:
• 400m to Gaythorne Café's, restaurants and business precinct
• 500m to Gaythorne Train Station
• 850m to Brookside Shopping Centre
• 1km to Hillbrook Anglican School
• 1.2km to Enoggera Village
• 1.4km to Our Lady of the Assumption Catholic Primary School
• 1.6km to Blackwood Street Restaurant and Café Precinct & Mitchelton Train Station
• 7.35km to Brisbane CBD
Phone Haydn Denovan for more information.
