Held within one family since 1974, this low maintenance block of cavity brick flats are positioned on 809m2 of elevated LMR zoned land with stunning CBD views from the front unit and district vistas from the north facing balconies of the additional units. This astute investment comprises a large two level, 3 bed and 2 bathroom unit, 2 x 2 bed units, and 2 x 1 bed units. Always occupied, the block of units has a projected rental return of $139,125 per annum.
Superbly located in one of Brisbane's oldest suburbs now considered premium real estate, the property offers significant potential for the future with high capital growth while providing a strong holding income. The property is close to the Buranda Shopping Centre and Stones Corner, a short drive to the vibrant hub of West End, and within proximity to Woolloongabba and South Bank's shopping, dining, and entertainment precincts. In addition, the Green Bridge, and three major hospitals are moments away. Less than 5 kms from the CBD, the property has effortless access to it via bus and rail transport options, with swift access to the Clem 7 Tunnel and SE Freeway.
- 809 m2 LMR2 Low-Medium Density Residential (2 to 3 storey mix)
- A rare chance to secure a high-growth asset with solid immediate income, strong capital growth and future development potential
- Classic, solid cavity brick construction, suspended concrete floor
- Easily strata titled
- Well maintained
- Flats feature spacious light filled layouts, well proportioned, practical kitchens and sizeable bedrooms
- Each flat has under cover off street parking, garaging for 5 vehicles
- Laundry included in individual car spaces
- Always occupied, the units have outstanding, stable, long-term tenants
- Less than 5 kms from the CBD, the property has effortless access to it via its close proximity to direct bus and rail transport
- Inside the Junction Park State Primary and Brisbane South State Secondary College catchments
- Moments to the PA Hospital, Greenslopes Hospital, Mater Hospital, several university campuses, bus and train transport, Clem 7 and SE Freeway
- A Building and Pest Report can be supplied upon request
SCHEDULE OF TENANCIES
- Unit 1 - 3 bed, 2 bath, 2 living areas across two levels, entertainers' deck, stunning CBD views $800 per week
- Unit 2 - 1 bed, 1 bath $400 per week, ending 24/11/25
- Unit 3 - 1 bed, 1 bath $400 per week, ending 10/11/25
- Unit 4 - 2 bed, 1 bath $420 per week, ending 18/02/26
- Unit 5 - 2 bed, 1 bath $420 per week, ending 18/11/2025
- Projected Rental income $139,125 per annum
OUTGOINGS
- Rates $1,859 per quarter
- Urban Utilities $1,616 per quarter
- Common electricity $80 per quarter
- Insurance $6809 per annum
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