38 Ormonde Road, Yeronga QLD 4104

This unique property, generating over $90,000 in gross annual income, offers a rare investment opportunity with a block of five 1-bedroom units on a 683sqm non-strata titled plot.

Located just 5km from Brisbane's CBD, this property ensures immediate high-yield returns of over 6%, along with long-term capital growth potential. The site also presents an excellent opportunity for future redevelopment. Consider repurposing or rebuilding to capitalise on the prime location.

Constructed with sturdy concrete blocks, each unit spans approximately 65sqm (including car space), ensuring superb durability and minimal upkeep.

Located only 2.5km from the University of Queensland via the Eleanor Schonell Bridge and close to local cafes, restaurants, and sporting facilities including the Queensland Tennis Centre. The Yeronga train station, Fairfield Gardens Shopping Centre and the newly established Yeerongpilly Green precinct with its many conveniences are also just minutes away.

For more information or to arrange a viewing, contact Zac today. Don't miss out on securing your investment in this lucrative market!

Disclaimer:
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.