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Brisbane's Best Buy Entire Block of Units

Fully leased gross yearly income $85280, Projected income on lease renewals $98,800. Site zoned CR1 (9.5m height limit) with 21.6m Enoggera Creek frontage and opposite a park. 5 unit complex comprising of 3 x 2 bed, 1 bath, 1 car + storage, + 2 x 1 bed, 1 bath, 1 car + storage. This apartment complex presents a superb opportunity in a sought-after precinct just 4.6km to the CBD. Ideal for investors or your SMSF, this high-income-producing asset boasts no Body Corporate and a prime leafy position with buses, cafes, and restaurants within walking distance.

The solid building features quality brick construction with dual staircase access to every unit. Each apartment includes a combined living/dining area with a kitchen, 1 or 2 bedrooms with built-in robes, a central bathroom and undercover tandem parking for 1-2 cars or 1 car + storage. Majority airconditioned. Additionally the building has two storage rooms.

With all 5 units consistently rented, you can start seeing immediate returns on your investment. Most tenants are long-term, 5+ years. For buyers wishing to capitalise further, there is potential to renovate the complex and generate higher rental income or redevelop the site (STCA).

Located in the highly sought-after suburb of Red Hill, the unit block is close to schools, Kelvin Grove State College, QUT Kelvin Grove and the Royal Brisbane Hospital, Suncorp stadium, shopping centers, parks, markets, cafés, entertainment and many dining options. Offering everything you need within reach. Additionally, the property's prime location ensures effortless commuting, with major highways and public transportation just moments away. It is also just a short drive to Paddington's famous shopping precinct and only 4.6km from the Brisbane CBD.

 

With the Brisbane Olympics just 7.5 years away in 2032, invest now in this block of units in a prime location, so close to the CBD and enjoy the returns and future capital appreciation. Please contact Dru on  0414 319 022 for more information.

8 5 5 933 m2
Address 30 Praed Street, Red Hill
Price Offers Over $1,500.000
Property Type Residential
Property ID 10726
Category Block Of Units
Land Area 933 m2

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Dru Candappa

0414 319 022
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Aimee is friendly, knowledgeable and has always been there to help answer any of our questions, communicated with us at all hours of the day or night and weekend. She is passionate about her work and we have been grateful for all her help.

Aimee not only achieved an above expected return for us but gave incredible customer service along the way . We had one buyer fall over at the last minute but within a few days had more offers on the table for . We would highly recommend Aimee to anyone seeking to sell in the area .. well done Aimee!!!

Tim's professionalism  and personal interactions made my viewing a positive and supportive experience. He was able to provide all relevant details and allowed me to freely explore the property to assist in making my decision. There was no pressure and  I felt  respected and fully informed. Sincerely Dr. Jean Healey

Excellent service, quick and responsive to all our calls... great negotiation skills with the buyer to achieve a good result for both parties and the finale with handover was unexpected and charming welcome gift.  

They were pretty well spot on with their estimate of the value of our property. Indy was always keeping me up to date with the offers coming in and would return my calls as soon as she could. And as for the auction Indy ended up getting way more than we expected.  

Indy really took care of the sale from initial sign up to the sale. Timely updates on open house outcomes were delivered and she really put us at ease on auction day. Ultimately, it all comes down to a good sale outcome and this was delivered with a result that was significantly above our reserve price. I have no hesitation is recommending Indy and the team at Blue Moon Property.