Zoned for high-density living, leased until August 2027 and set on 713m2 with a 15.8m frontage, this Upper Mount Gravatt property lets you collect $600 a week while you plan what comes next, subject to council approval.
Highlights:
- 713m2 with a 15.8m frontage in the High Density Residential (HDR1) zone (up to 8 storeys)
- Construction under way next door, apartment application pending on the other side
- Leased until 11 August 2027 at $600 per week, income while you plan
- Neat 3-bed brick home with air conditioning, dishwasher, balcony & secure parking
- Upper Mount Gravatt State School & MacGregor State High School catchments
The best development sites often announce themselves through the neighbours, and this one has two to point to. On one side, construction has already started. On the other, an apartment development application is waiting on approval. In between sits 113 Mount Gravatt-Capalaba Road: 713m2 with a 15.8m frontage, inside Brisbane's High Density Residential zone.
In plain terms, the HDR1 zone is the part of Brisbane City Plan set aside for apartment buildings and other higher-density housing, which is why the street is changing around it. Whatever you build here is subject to council approval, but the zoning, the frontage and the activity next door give you a clear starting point.
There's no need to rush, either. A lease is in place until 11 August 2027 at $600 per week, which is around $31,200 a year coming in while you work through design, finance, and approvals. The property earns while the plans take shape.
The current home is a neat three-bedroom, one-bathroom brick lowset under a tile roof, with air conditioning, a dishwasher, a balcony, secure parking for one car and a fully fenced yard. It's comfortable for the tenant today and simple to hold for as long as you need.
Then there's the address, the thing future residents will care about most. The Village, with Coles, cafes and everyday services, is about 670m away, and Upper Mount Gravatt State School is roughly 870m, with the property in the catchment for both Upper Mount Gravatt State School and MacGregor State High School.
Westfield Mount Gravatt and the Garden City busway station, with express buses into the city, are about five minutes away. Griffith University's Mount Gravatt campus is a short drive, restaurants, sporting facilities and social clubs are close by, and the Pacific and Gateway motorways put the city and major employment hubs within easy reach.
Land, zoning and income in one: contact the Kevin or Ling to discuss the opportunity.
All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must rely on their own enquiries. Images and/or descriptions may have been digitally enhanced or altered for marketing purposes and may not accurately represent the current condition of the property.
Sunday & Summer Property Specialists Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 56 653 127 701 / 21 107 068 020
