Investors, here’s your chance to acquire a solid, well-maintained multi-unit property in the thriving suburb of Strathpine. Situated on the sought-after Dorothy Street, this complex feature four fully tenanted units, delivering strong rental returns and long-term growth potential in a market with consistent demand.
Property Configuration:
• Unit 1: 1 Bedroom, 1 Bathroom, 1 Car Garage + 1 Car Park
• Unit 2: 2 Bedrooms, 1 Bathrooms, 1 Car Garage + 1 Car Park
• Unit 3: 2 Bedrooms, 1 Bathrooms, 2 Car Garage + 1 Car Park
• Unit 4: 2 Bedrooms, 1 Bathrooms, 1 Car Garage + 1 Car Park
• Storage space: Single storage bay 2.8m x 4.8m
Investor Highlights:
• Well-Maintained: This complex has been consistently well-maintained, minimizing immediate capital expenditure and providing a hassle-free investment experience. All units are in excellent condition, with renovations done circa 10 years ago plus regular upkeep.
• Strong Rental Demand: Strathpine remains a highly desirable rental area, with its mix of suburban charm and easy access to public transport, shopping, and schools. This property provides a stable income stream with strong occupancy.
Rental Yields:
• Individual unit rental breakdown available.
• Currently returning $85,800 per annum gross.
• Upside to the rent to match current market.
• Scope for with a simple value add.
Key Features:
• A solid brick building comprising of 4 total units.
• 2 ground floor units and 2 upstairs units.
• 6 lock up garage – one has been converted to a private storage.
• 5 off street parking within the complex.
• Apartments are separately metered for electricity and water.
• Long-term reliable tenants with very low turnover.
• The apartments are not strata titled, thus no body corporate fees.
• 804sqm flat land, located within the Urban Neighbourhood precinct, set for future development opportunities.
• Strathpine State School and Pine Rivers State High School catchment.
Potential for Capital Growth: Strathpine continues to benefit from ongoing infrastructure development and population growth, offering investors the opportunity for capital appreciation over time.
Prime Location: Dorothy Street is ideally located, offering walking distance access to Strathpine Plaza Shopping Centre, Strathpine Shopping Centre, local parks, schools, and public transport options, including Strathpine Train Station. The area’s connectivity to major roads also makes commuting to Brisbane and surrounding suburbs convenient, further driving tenant demand.
Why Invest in Strathpine? As one of Brisbane’s emerging growth corridors, Strathpine is attracting families, professionals, and retirees alike. With a rising demand for quality rental properties, this well-maintained complex offers both security and growth potential for astute investors.
Inspections By Appointment Please contact ARENA Property Agents to organizing viewing times. Secure this rare investment now!
Disclaimer: This information has been carefully compiled for your convenience only. Neither the Vendor nor its Agents gives any warranty or promise as to the correctness of the information. This information will not form part of any Contract or Agreement. Interested parties should undertake independent enquiries and investigations to satisfy themselves that any details herein are true and correct and as to the state, conditional and financial performance of the property.
Disclaimer: The floorplan provided is for illustrative purposes only and may not be to scale or be in position. All dimensions and areas are approximate and should be verified by interested parties. The layout is subject to change and does not form part of any contract.
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