SoldSep 16, 2025

4 Vernon Street, Clontarf, QLD, 4019

$1,299,000

8
4
4
632 m²

BlockOfUnits

30+ days on the market

Sold: Sep 16, 2025

What's around 4 Vernon Street

A Rare High-Yield Bayside Investment

A prized investment opportunity awaits, offering a strong gross rental yield of approximately 6.7%. Situated only 1000m from beautiful Bramble Bay and the popular waterfront Pelican Park, this 632sqm property boasts an impressive rental history and is currently tenanted with long-term occupants. The property comprises four two-bedroom, one-bathroom apartments, making it a secure and consistent income generator in a thriving lifestyle location. With a current return of $87,360 per annum, this investment already performs well, and the market indicates further potential for rental increases into the new financial year. Each unit is in good condition, featuring a functional layout with a long hallway leading to the kitchen and living space, while bathrooms are positioned at the rear toward the communal yard and three carports. Zoned "General Residential" with an 8.5m height limit, the property also holds future development potential. Key Features: + Gross rental yield 6.7% + 632sqm block with four self-contained units, all currently tenanted + Returning $87,360 annually, with potential for future increases + Zoned 'General Residential' with an 8.5m-high building limit + Two-bedroom, one-bathroom layout in each unit + Communal yard, washing line, and three carports + Quiet bayside location within 25 minutes of Brisbane Airport and CBD + 1km to waterfront, close to schools, transport, and Redcliffe Hospital Disclaimer: We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or omissions. Buyers are encouraged to conduct their own due diligence.

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Seller's review

7 months ago

Professionalism.

Selling a property is by no means a simple task for the uninitiated. Anett Puljiz, of Ray White Clontarf, was the consummate professional, having a deep level of skill in the field of Real Estate. She allayed my doubts and concerns throughout the whole process with her knowledge in the intricacies of local market conditions. In conjunction with other assets, Anett exhibits exceptional communication and interpersonal skills, shows great commitment, acts ethically, maintains high standards, and is resourceful and skilled in managing pressure. It is without question, that I was truly fortunate, to have such an accomplished person of high calibre, to sell my property. My reward, a most gratifying sale's contract. Well done Anett.

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Seller

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