PROPERTY SUMMARY

Baths: 5 Car Park: 5

PROPERTY DESCRIPTION

Situated in a prime position, this is quite possibly one of Petrie Terrace’s most exciting opportunities! With the Olympics set for 2032 and property prices continually on the rise, this 620m2 allotment offers the fortunate purchaser the opportunity to seize the day and secure an exciting investment that is set to pay fruits well into the future.

This set of five flats is perfectly located with two-street access, in a rapidly developing growth corridor, on the cusp of the city, close to shopping, cafes, bars, public transport, and schools. They offer a savvy investor huge scope to enjoy an excellent return. Presently offering a combination of two and three bedrooms (4 x 2bed and 1 x 3bed) all with a spacious living area, neat and tidy kitchens, and light filled bathrooms. They all share a large outdoor terrace at the rear and all flats have an allocated undercover car space. Originally modified in 1968, the top-level flats feature adorned favourites including pressed metal ceilings and VJ walls.

Currently yielding a gross return of $1,625/week this is an outstanding investment land bank with development opportunity in the future – this location is unbeatable and proposes an outstanding investment.

Property Brief:

• Street proud QLDER purposely converted in 1968
Flat 1 – 3Bed | 1Bath | 1Car (top floor front & rear access)
Flat 2 – 2Bed | 1Bath | 1Car (top floor front & rear access)
Flat 3 – 2Bed | 1Bath | 1Car (ground floor front)
Flat 4 – 2Bed | 1Bath | 1Car (ground floor Front)
Flat 5 – 2Bed | 1Bath | 1Car (ground floor rear)
• Fully leased with a weekly holding income of $1,625 (gross)
• East facing 620m2 block with 2 street access & wide frontage
• Contained within the mixed-use zone (MU2) centre frame and further located within the city west neighbourhood plan.
• Walking distance to CBD & transport nodes.
• Further development potential (STCA)

All inspections are via qualified private viewings! Contact the agent for the designated times.

This property is being sold without an advertised price. The website may have filtered the property into a price bracket for website functionality purposes.