A substantial landholding and tightly held investment boasting immediate opportunity and long-term growth, this fully leased four-unit post-war complex presents an exceptional offering in one of Brisbane's most dynamic inner-city precincts.
Positioned on an elevated, commanding 809sqm parcel with an impressive 20-metre frontage, the low-maintenance asset is 100% freehold and currently generating returns of $112,320 gross per annum, delivering strong holding income with outstanding future upside.
Residing in an area with consistently high rental demand, the property offers immediate appeal for investors seeking secure cash flow, with the opportunity to increase income in the short and medium term while making long-term plans for redevelopment.
Post-war and zoned CR2 Character (Infill), the site presents exciting scope to clear, subdivide, or redevelop with townhouses, units, a duplex or triplex*. With an elevated aspect capturing city views, Mt Coot-tha vistas, and southern outlooks out to UQ, the possibilities are endless to maximise this blue-chip inner-city position.
Located only 3km from the CBD, the vibrant West End address places residents moments from some of Brisbane's most celebrated lifestyle attractions. Renowned for its parklands, Riverwalk, thriving cafe culture, eclectic dining scene and the Davies Park Markets, this sought-after suburb continues to experience strong buyer and tenant demand.
Bus and CityCat transport are within easy reach for seamless travel across the city, while the central position offers excellent connectivity to UQ and QUT Gardens Point campuses, leading local and private colleges, Mater Hospital and Queensland Children's Hospital.
A rare opportunity - this is your chance to secure a substantial inner-city holding with immediate income, exceptional flexibility and extraordinary future potential.
Property highlights include:
- Investment and redevelopment opportunity 3km from the CBD
- 100% freehold and fully leased with current returns of $112,320 gross p/a
- Post-war 4-unit complex on an elevated 809sqm with 20m frontage
- Prime site with views across the city, Mt Coot-tha and south to UQ
- Low-maintenance asset with no lift and all units on one level
- 4x 2-bedroom, 1-bathroom units with air-conditioned living spaces
- Units 1 and 3 refreshed, Units 2 and 4 in original condition
- Communal laundry, 4-car carport, complex gardens
- CR2 Character (Infill) zoning and development potential
- Scope to subdivide or build townhouses, units, duplex or triplex*
- Drone imagery taken at 9.5m and 12.5m elevation
* Subject to Brisbane City Council approval
Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not 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.
