Five apartments on an 870sqm block, a short walk from Oxford Street, this is a chance to secure a sizeable slice of Bulimba in one go. The block is not strata titled, it is currently returning approximately $2,000 per week, and it sits in the Bulimba State School catchment, so it suits investors, land bankers and developers alike.
The real upside is what comes next. The site is zoned Low-medium density residential (LMR), allowing up to three storeys subject to council approval. The apartments are in original condition but tidy, with only minor touch-ups over the years, so you can hold and collect rent, renovate to add value, or plan a future development.
What you will love:
- Five apartments: two two-bedroom and three one-bedroom
- 870sqm block, not strata titled
- Zoned LMR, allowing up to three storeys subject to council approval
- Hold for income now, with development potential down the track
The lifestyle around you:
- Cafes: Apollo Coffee House right across the road, Toastbuds on Oxford Street 750m (10 min walk)
- Oxford Street dining and shops 750m (10 min walk)
- Groceries: Woolworths Bulimba 900m (12 min walk), with Market Organics and The Source Bulk Foods also on Oxford Street
- Ferries: Apollo Road CityCat terminal 850m (11 min walk), Bulimba ferry terminal 1.3km (18 min walk)
Whether you want solid income today or a future development site in Bulimba, this one ticks both boxes. A full rental breakdown is available on request. Don't miss it, contact Conrad Leisemann 0403 978 813 or Daniel Gierach 0412 523 821 to book your inspection today.
