• Zoned LMR2 - 844m² of Blue-Chip Inner-North Opportunity
• 11-Bedroom Investment with Immediate Returns + Future Development Potential
Auction Details -
On-Site: Saturday the 10th of May, commencing at 2PM.
We kindly request that interested parties pre-register by contacting Tamara Gannon prior to the event. Alternatively, registration will be available on the day from 1:30PM. Please ensure you have a valid photo ID for registration. Note: Phone bidding will be available for pre-registrations only.
A rare opportunity to secure a tightly held full block of 5 residential units in the heart of Kedron. Positioned across a double lot totalling 844m², this solid 1970s brick complex offers a unique combination of immediate cashflow and long-term redevelopment upside, with no body corporate, LMR2 zoning, and significant value-add potential.
For Investors -
Comprising four x 2-bedroom, 1-bathroom, 1-car units and one x 3-bedroom, 1-bathroom, 1-car unit, the complex delivers a total of 11 bedrooms & 5 bathrooms in total. Constructed in the 1970s, each unit retains its original layout and finishes, offering solid bones and scope for future upgrades. All units are separately metered (electricity only), with off-street parking and practical floorplans that suit long-term tenants.
The complex currently produces a rental income of approximately $82,160 per annum, with assessed market rents estimated at around $111,800 per annum (as is with no renovations) - highlighting a clear opportunity to increase returns. Importantly, all five leases are due to expire throughout 2025, providing flexibility for investors to implement rent adjustments, renovate for premium returns, or reconfigure leasing strategies.
For Developers -
167 Stafford Road offers a prime redevelopment opportunity in one of Brisbane's fastest-growing inner-north suburbs. Set on a generous 844m² double lot with LMR2 zoning (Low-Medium Density Residential - 2 or 3 Storey Mix), this property presents ideal potential for a boutique townhouse or apartment development (STCA). The flat, regular-shaped block ensures a straightforward build and maximises design flexibility. With no body corporate in place, the property is well-suited for strata titling or redevelopment. Positioned just moments from key retail, health, and transport hubs, this site promises strong demand for medium-density housing, making it a highly attractive proposition for developers looking to capitalise on Kedron's ongoing growth.
Whether you're a seasoned investor looking to grow your portfolio, or a developer seeking your next boutique project, 167 Stafford Road offers flexibility, location, and strong fundamentals.
We also have a detailed Information Memorandum available for genuine buyers. Please contact Tamara to arrange your inspection or to request additional information.
Disclaimer: This property is advertised for sale/for auction without a price and as such, a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Please do not make any assumptions about the sale price of this property based on website price filtering.
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