64 Mascar Street, Upper Mount Gravatt QLD 4122

Established on a large Elevated 670m2 block, this property offers not only size and convenience, but the benefits of numerous options.
4 Bedroom + 2 Multi-purpose room plus Large Rumpus Room with kitchen and bathroom, 2 Car spaces. Three accesses to three residences. Current rental income is $1100/week. You can’t find a development site other than this one with such a good rental yield, which is over 5%.
Located 3 minutes from countless stores, restaurants, cafe's, cinema, and specialists' stores spanning into the ever-popular Westfield Garden City, 1 minute from Tryon Market, 5 minutes to M3 Leading to Brisbane, Gold Coast, where merges to M1 to Brisbane Airport and Sunshine Coast, with neighbouring TAFE QLD, QE2 Hospital and Griffith University Nathan Campus, Clairvaux Mackillop College, and the highly ranking Mansfield State School. The proximity to public transport such as Garden City buses interchange is second to none.
Generous size of 670m2 land with 23 meter frontage, Do you
*Retain the home and keep as an investment; rental income is $1100/week!!!! Return on investment is 5.3%.
*Remove and subdivide for 2 new stunning contemporary homes with 23 meter frontage.
*Develop a 5-story apartment building with code assessable of medium high density (subject council approval)
Highlights;
*670m2 Block
*Rental income is $1100/week
*Near Garden City and Mansfield State High School.
*5 minutes access to M3 and M1 to Brisbane CBD, Gold Coast, Sunshine Coast and Brisbane Airport.

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