- Circa 1970s block of five flats in a blue chip location
- Zoning: Low-medium density residential (2 or 3 storey mix)
- Potential for redevelopment (STCA) with city and district views
- Relatively flat, 1,017m2 block on one title
- Currently earning approximately $1,945 per week rental return
- x3 one bedroom flats, x2 two bedroom flats
- Five car parks under the building with storage for each
Come and check out the massive potential with this incredibly rare opportunity! Offered to the market for the very first time by the original owners, 13a Gibson Street is a Post-War block of five flats sitting on a level 1,017sqm block. Here you have the choice to continue to rent the five flats out as is, earning a $1,945 per week total rent return, or consider potentially redeveloping the LMR2 zoned site (STCA) capitalising on the size of the block and the elevation that captures both potential City and district views.
Not only is this block of flats close to parks, shops and cafes and public transport, it is also located within the Junction Park State School and Yeronga State High School catchment areas.
Opportunities like this in Annerley are wondrously rare- make sure you move fast on this one, because this block won't be on the market for long! Contact Michael Kleimeyer or Harriet Went today.
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