Auction Location: On - Site.
Located in the heart of Coorparoo, only 450m from the Coorparoo Square shopping and dining precinct, this is a prime investment and development opportunity to acquire a complex of 5 units on 809sqm.
Within easy walking distance of parks, schools, buses, trains, supermarkets, cafes and restaurants, this highly sought-after location offers endless opportunities to redevelop and construct multiple new residences with potential city views. *Subject to council approval.
Ideal for investors or your superannuation, you can continue to rent the 1x 3 bedroom, 3x 2 bedroom units and 1x 1 bedroom unit and acquire gross rental returns of approx. $98,280 per year.
With the 2032 Brisbane Olympics now confirmed, this is also an outstanding opportunity to landbank a complex only 10 minutes from the CBD and benefit from future capital growth.
Additional property highlights:
- Unit 1: 3 bed – 2 bath – 1 car - Renovated to a high standard with an air-conditioned living area, modern kitchen boasting stone benchtops and stainless steel appliances, a private balcony with leafy green outlooks, master bedroom with air-conditioning, walk-in robe and an ensuite, two additional bedrooms, and a central bathroom with a walk-in shower
- Unit 2: 1 bed – 1 bath – 1 car - Original condition with open living area, adjoining kitchen, garden courtyard, 1 bedroom and a bathroom
- Unit 3: 2 bed – 1 bath – 1 car – Updated interiors with an air-conditioned living area opening onto a garden courtyard, stylish kitchen featuring stainless steel appliances, 2 bedrooms (1 with air-conditioning) and a bathroom
- Unit 4: 2 bed – 1 bath – 1 car - Updated interiors with an air-conditioned living area opening onto a leafy balcony, stylish kitchen featuring stainless steel appliances, 2 bedrooms and a bathroom
- Unit 5: 2 bed – 1 bath – 1 car - Updated interiors with an air-conditioned living area opening onto a leafy balcony, stylish kitchen featuring stainless steel appliances, 2 bedrooms and a bathroom
- 300m from neighbouring parkland, children's playground, netball courts and dog park
- 450m to Coorparoo Square, featuring cafes, restaurants and Dendy Cinema
- 500m from Coorparoo State School and minutes from elite private schools, including Loreto College and Villanova College
- 650m to Coorparoo train station and serviced by local and city buses
- Walking distance to Aldi, Coles and Woolworths supermarkets
- Coveted lifestyle setting only 10 minutes from the CBD
Total Council Rates: Approx. $2,095 per quarter excl. water/sewer
Total Water/Sewerage Fees: Approx. $1,045 per quarter
To receive a digital copy of the Information Memorandum, please get in touch today.
3D Tour
Unit 1
https://my.matterport.com/show/?m=jSKLzjREcoW
Unit 2
https://my.matterport.com/show/?m=Ew8RFoQ87zt
Unit 3
https://my.matterport.com/show/?m=totX92qGzQG
Unit 4
https://my.matterport.com/show/?m=m8ToG6nLcSD
Unit 5
https://my.matterport.com/show/?m=ekQVybwX5bU
Garage Area
https://my.matterport.com/show/?m=Sjs37a8gYLC