A unit situated in 27/RP11503 East Brisbane QLD. Properties with similar attributes have sold for approximately $1,785,000. The local council is Brisbane - South Brisbane, featuring 9 bedrooms, 7 bathrooms.
Redevelop or Retain this Rare Block of Flats in Tightly-Held Location Presenting an unmissable opportunity in one of Brisbane's most prestigious postcodes, this tightly held and first time on the market a 1161 m2 block, is the perfect candidate for development or hold for future growth and investment.Showcasing an impressive corner position for easy access 30m (Vulture St) x 39m (Didsbury St) and made up of seven established units, this solid, brick property provides a combined high rental income of $98,000 per annum, with no body corporate or body corporate fees.While providing a strong rental return, there is also great potential, to capitalise on this desirable land by subdividing into new home builds, townhouses or apartments (subject to council approval).Consisting of six x 1 bedroom and one x 3 bedroom each place consists of bedroom, kitchen, meals, family room, patio and one car accommodation.Offering complete accessibility and every convenience, this prestigious East Brisbane location is only 2.5 kilometres from the CBD and within easy access to Brisbane's most elite schools, transport facilities and lifestyle precincts.Delivering the scale, size and location required for a strong long term investment or development opportunity of subdividing is hard to find.If you're looking to make your next investment that will provide strong rental returns and capital value growth in one of Brisbane's best inner-city postcodes, inspect now by appointment.