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5 UNIT COMPLEX IN LEAFY RED HILL

Fully leased, returning yearly income of $87000+. Site zoned CR1 (9.5m height limit) with 18.2m Enoggera Creek frontage and opposite a park. Comprising of 4 x 1 bed, 1 bath, 1 car + storage, + 1 x 2 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 parking for 1 car + storage. All airconditioned.

With all 5 units consistently rented, you can start seeing immediate returns on your investment.  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.

6 5 5
Address 1-5, 36 Praed St, Red Hill
Price Offers Over $1,750,000
Property Type Residential
Property ID 10916
Category Block Of Units

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Dru Candappa

0414 319 022
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Emma was amazing from start to finish. Attentive, knowledgeable and easy to get in contact with. She was a breath of fresh air when it comes to real estate, not pushy or over bearing. I will be recommending to anyone in Palmview to list with Emma!

If you're looking to buy or sell a property, I highly recommend Emma as your real estate agent. She was absolutely amazing throughout the entire process. Emma's communication was top notch, she kept me informed every step of the way and was always available to answer any questions. She didn't waste any time and was incredibly efficient. Most importantly, Emma is genuinely dedicated to helping her clients. Her professionalism and genuine approach made the experience smooth and enjoyable.

I couldn't be happier with my experience working with Emma! She simplified the entire process of selling my home, allowing me to relax knowing I was in capable hands. Emma's passion for real estate and extensive knowledge shine through in every aspect of her work. She worked tirelessly to achieve the results I wanted. Emma is genuine, approachable, and consistently prompt in her communication. I highly recommend Emma to anyone looking to buy or sell their home!

Emma from Blue Moon Real Estate did an outstanding job selling my property. She was incredibly flexible with timing, accommodating my busy schedule without hesitation. Her dedication and expertise resulted in a sale above market value, exceeding my expectations. Emma’s professionalism and excellent communication made the entire process smooth and stress-free. Highly recommended!

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!!!