16 Troubridge Street, Mount Gravatt East QLD 4122

Located on a spacious 637m2block with a 15.8m wide frontage, this property offers tremendous potential as either a development site or a strategic land banking opportunity in one of Brisbane's most sought-after suburbs.

Zoned LMR2 (Low-Medium Density Residential), the property is ideal for a range of development possibilities, including townhouse projects, a boutique apartment complex, or even a splitter block (STCA). Whether you're looking to build now or hold for future growth, the options are endless. The property is currently tenanted with long-term, reliable tenants, offering a steady income stream while you plan your next move. This clean, level site is free from encumbrances or easements, ensuring a straightforward development process. Additionally, there are no flooding or overland flow concerns, offering peace of mind and stability for your investment. The property is currently tenanted at $590 per week until June 2025, with the tenant eager to stay, providing flexibility for investors or developers. Situated on a peaceful, tree-lined street, 16 Troubridge Street benefits from its proximity to high-end renovations and new builds, further enhancing the area's desirability, all whilst being just 10km to the CBD.

Property highlights:

- Zoned LMR2 (Low-Medium Density Residential)
- 15.8m frontage
- 637mÃÆ'Æ'Ãâ€'ÃÆ'¢€Ãƒ…¡² block
- 3 bedrooms, 1 bathroom, 1 carport
- Terracotta tiled roof
- Polished timber floors
- Spacious open-plan living

Location highlights:

- 1 minute to bus stop
- 2 minutes to Mt Gravatt Plaza
- 2 minutes to Mt Gravatt Homemaker Centre
- 7 minutes to Westfield Garden City
- 15 minutes to Brisbane CBD
- Mount Gravatt State School and Mount Gravatt State High School catchments

Whether you're looking to land-bank in this prime location or embark on a development project, this property provides the perfect foundation for future growth. The combination of a strong rental yield and substantial development potential makes it a rare find in today's market. Don't wait until it's too late - contact Susan today for further information.

Disclaimer: This property is listed for sale without a specified price. While the website may categorise the property into a price range for functionality purposes, please refrain from making assumptions regarding the sale price based on these filters. Every effort has been made to ensure the accuracy of the information provided, but prospective buyers should undertake their own inquiries to verify the details of the property.