A prime inner-city development opportunity where the groundwork has already been set in place. This 707sq m property, minutes from the CBD and a short walk from a CityCat, is currently occupied by a post-war complex of four strata titled apartments delivering a total rental income of $98,280 per annum. A preliminary town planning report notes it's appropriately zoned, located and of sufficient size to allow for a number of redevelopment opportunities. Beautifully positioned close to the Gabba, major hospitals and excellent schools including Churchie.
* 707sq m inner-city property with post-war brick complex of four apartments * Strata titled apartments currently generating total $1890/week rental income * Units one and three are two bedrooms, one bathroom, one car space * Unit two is one bedroom, one bathroom, one car space * Unit four is four bedrooms, two bathrooms, two car spaces * Prelim town planning report notes a number of redevelopment opportunities * Walk to a CityCat, bus, Mowbray Park, Gabba, Kangaroo Point and Churchie
Outgoings: Rates - Approx. $480 per quarter, per unit Insurance - Approx. $3500 per year Water - Approx. $395 per quarter, per unit
Features include: Air Conditioning,Close to Transport,Close to Shops,Close to Schools
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
27 Apr 2024
Sold at auction
Belle Property Bulimba
Listed: 30/03/2024
Block size: 707m²
Transfer type: Full transfer
East Brisbane suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
34 years
Population
6,186
Listing ID: 182410983. This listing has been viewed 6 times. It was first displayed on 30/03/2024 and last updated on 27/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.