108 Bromley Street, Kangaroo Point QLD 4169

When location counts, this property at 108 Bromley St, Kangaroo Point represents a rare opportunity in the current market to purchase an entire block of 4 units on 642sqm of land in one of Brisbane's most desirable inner city suburbs.

Kangaroo Point is one of Brisbane's highly sought after suburbs and now with the Gabba Sporting Precinct becoming the infrastructure mecca of the Brisbane Olympic Games in 2032, demand for this area is expected to surge.

The complex comprises 4 - 2 bedroom apartments, fully rented at $1,360 per week with the potential to increase due to the demand for accommodation in the Kangaroo Point area.

Returning approx. $70,000.00 per annum, this will suit investors looking for a strong income stream with the opportunity to land bank, providing cash flow and capital growth.

The zoning is CR 2 Character with the potential for future site development, subdivision of the block or renovate the existing property and adding further value. All options are subject to council approval.

This block has been well maintained and is in excellent condition, easily rented with high occupancy with an opportunity to increase the income given the strong current rental market with low vacancies.

The property is ideally positioned in the highly desirable Kangaroo Point precinct with close proximity to the Brisbane CBD, new Cross River Rail Woolloongabba Train station and Gabba Sporting precinct redevelopment.

For further information regarding the Brisbane Inner City property market please go to raywhiteiba.com.au/news.

Please advise the agent in writing before placing an offer if you require Foreign Investment Review Board approval (FIRB). Please visit - https://firb.gov.au/ for further details.

Disclaimer: This property is being sold by auction, therefore due to real estate legislation in QLD and in accordance with REIQ guidelines a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates on this page are not provided by the agent and should not be taken as a price guide.