15 Frederick Street, Alderley QLD 4051

On the site, sits six flats with a steady income and long term tenants. Located in a quiet street surrounded by pre-established unit complexes, 15 Frederick Street is one of the last desirable development sites left in this pocket of Alderley.

The flats on the site are currently all tenanted with a rental return of $60,000 pa. The possibilities here for both developers and investors are endless!

This 807m2 block is zoned residential BR3 (LMR) and is currently being used as a Multi Unit Dwelling (6 Flats). There would be an opportunity to increase the return if the exterior of the complex was upgraded and other internal upgrades done.

Located less than 5km to Brisbane's CBD with a premium position on a quiet street, close to schools, local shops, cafes and transport, this is an opportunity not to be missed.

Situated Less than 500m to Alderley train station and shopping centre, and only 1.5km to Newmarket shops and train station, this centralized site will sell itself.

With a steady income to cover your costs whilst applying for a DA, this site will not last long!
Call today to make an offer before it goes under contract.