In Room Auction - Unless Sold Prior
Wednesday 30th April 5:30pm
532 Lutwyche Road, Lutwyche
Registrations from 5:00pm
An incredibly rare investment opportunity has arisen in the heart of Tingalpa, offering a unique chance for the savvy investor to secure a block of three units on a generous 610sqm lot with a 22m frontage. Built in 1980 and held on one title with no strata, this exceptional property is set to be sold at auction unless sold prior, making it a must-see for those seeking future growth and potential in Brisbane's evolving market.
Comprising three well-appointed two-bedroom units, this investment boasts a total rental return of $67,600 annually, with each unit offering comfortable living spaces designed to cater to the needs of modern tenants. The thoughtful layout ensures privacy and functionality, making these residences highly desirable for those seeking convenience and quality. With a strong rental return already in place, there is also enormous potential to maximize future rental yield through strategic upgrades and enhancements.
Beyond its immediate income potential, the property is zoned as Low-Medium Density Residential (LMR) with a "2 or 3 storey mix," opening the door to redevelopment possibilities, subject to council approval. Whether you choose to reimagine the site for a bespoke multi-residential development or retain the existing structure for a high-yield investment, the possibilities are boundless in this prime location.
Positioned just 100 metres from Twin Parks Shopping Centre, daily conveniences are at your doorstep with a diverse range of shops and services. Families will appreciate the property's close proximity to Tingalpa State School, located less than 200 metres away, while professionals and commuters will love the ease of access to Brisbane CBD, less than 10km away. The nearby Gateway Motorway ensures seamless travel to Brisbane Airport, while Wynnum Road and public transport options including nearby bus stops and Murarrie train station make city commuting effortless.
Whether you are an astute investor looking for a solid return, a developer seeking an exciting new project, or a homeowner with a vision for the future, 17 Gorham Street, Tingalpa, presents an unmatched opportunity. Properties of this calibre and potential do not come along often-secure your place in this thriving pocket of Brisbane and capitalise on the future that awaits.
LOCATION:
Approx. 9.2 km to Brisbane CBD
Approx. 7km to Brisbane Airport
Approx. 160m to Tingalpa State School
Approx. 2.5km to Moreton Bay College
Approx. 4.5km to Moreton Bay Boys' College
Approx. 3.5km to Wynnum West Primary School
Approx. 4.8km to Manly West Primary
Approx. 2.6km to Brisbane Bayside State College
Approx. 3.4km to Wondall Heights Primary School
Approx. 3.2km to Gumdale Primary School
Approx. 2.8km to Murarrie Primary School
Approx. 80m to Twin Parks Shopping Centre
Approx. 2.3km to Cannon Hill Shopping Centre
Approx. 3.6km to Westfield Carindale
Approx. 1km to Minnippi Parklands
Approx. 700m to Gateway Motorway
Brisbane City Council Rates Approximate $1,238.40/quarter
Contact Tony King today on 0416 847 686 to find out more and register your interest before it's too late.
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
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