This is undoubtedly one of the best investment opportunities currently available in Darra. Positioned on a substantial 1,287m² block and generating a current combined gross rental return of $760 per week, this solid concrete block and tile property offers exceptional potential for investors and developers alike with potential rental uplift as well as possible potential land subdivision.
The property comprises two dwellings under one roof: renovating these units could well achieve a higher rental rate per week.
• A two-bedroom unit currently rented at $ 400 per week
• A one-bedroom unit currently rented at $ 360 per week
Both tenancies are currently on periodic tenancies. There is also possible potential for subdivision (subject to Brisbane City Council approval), further enhancing the property's long-term value and development appeal.
Unit 1 (Two-Bedroom):
• Spacious main bedroom with tiled flooring
• Second bedroom with carpet
• Tiled living area
• Combined tiled kitchen and laundry
• Large fully tiled bathroom
• Ceiling fans throughout selected rooms
Unit 2 (One-Bedroom):
• Large fully tiled bedroom with air conditioning
• Spacious family and dining area flowing into the kitchen
• Fully tiled interiors
• Small study nook
• Functional and low-maintenance layout
Conveniently located within walking distance to Darra Train Station, local shops, and bus stops, the property offers excellent accessibility and strong tenant appeal. Investors may choose to renovate and increase rental returns, continue leasing as is, or explore future subdivision possibilities.
There is no body corporate on this building however water usage and yard maintenance are currently payable by the owner.
With impressive block dimensions of approximately 17 metres frontage by 75 metres depth, and the existing building positioned toward the front of the allotment, the expansive rear yard presents a range of potential future uses.
Quality investment opportunities in Darra are becoming increasingly difficult to secure. Contact us today to obtain an information sheet or to arrange your opportunity to secure this unique property.
