29 Dorchester Street, South Brisbane QLD 4101

An outstanding and rare opportunity to secure an entire block of flats for sale as one title on a fantastic 627sqm LMR allotment.
Expand your portfolio here and reap the returns for years to come. Boasting excellent returns of over $93,000 per annum with potential to increase as is, the character complex consists of 5 x two bedroom flats and one 1 bedroom flat.
A real estate gold mine that rarely becomes available ? there is excellent potential to hold and gain or investigate developing the property to its highest and best use (subject to Council approval) to maximise the true potential of this rare offering.
For the astute investor looking for a great residential investment in a prime location, this could be one of the best opportunities you will see this year. Set in an elevated position on one of South Brisbane?s premier streetscapes, the property is positioned for total lifestyle convenience close to local cafes, just 500m to Southbank?s entertainment precinct, handy transport links on the doorstep and a short walk to the CBD.
This position is well regarded as one of the city?s best and the opportunity afforded by securing blue chip property here should not be overlooked.

*Current rental income over $93K per annum with scope to increase.