THE NUMBERS AT A GLANCE
607m² LMR-zoned land
3 x 2-bedroom units
$1,490 per week current combined rent
$1,650+ per week estimated rental potential in their current condition
$85,800 per annum potential gross rental income at $1,650 per week
The units are conveniently located just a short distance from Greenslopes Hospital, making them an ideal option for anyone who needs regular access to the hospital and surrounding medical facilities. This property offers an established rental income today, with scope to improve returns and explore the land's longer-term possibilities.
The property comprises three two-bedroom units, a mix of brick and weatherboard, all on one 607m² LMR block. With the current combined rent at $1,490 per week, there is potential to increase the income to at least $1,650 per week in their current condition, subject to market conditions.
The location is a real drawcard. Greenslopes Hospital is just behind you, while Logan Road and Greenslopes Shopping Mall are within walking distance. With local shops, transport and employment close at hand, the area appeals to tenants wanting convenience and easy access to everyday essentials.
Then there is the land itself. The LMR zoning opens the door to exploring the property's longer-term possibilities, subject to council approval. Buyers may choose to retain the three units and build on the rental income, or investigate what else might be possible for the site.
Three existing units, an opportunity to improve the income, and a location that puts you right in the heart of Greenslopes.
Whether you are looking to expand your investment portfolio or secure a property with future potential, this is one worth taking a closer look at.
