Phone
Email

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

Quick Links

Agent Details

Dru Candappa photo

Dru Candappa

0414 319 022
View Profile

Emma was amazing! Great communication and knowledge. It was our first time selling a property so her support and guidance made it a very easy process. Highly recommend!

Emma was a please to deal with, always responsive and happy to help

Emma was fantastic to work with as she had great communication, was friendly and offered useful advice making the process easier and enjoyable.

After choosing Emma as the agent to sell our property, she was fantastic to work with and it was clear she had excellent market knowledge and experience. She was genuinely interested in our situation and her communication was clear and to the point. I didn’t at any point feel pressured and this hugely contributed to making, what can be a very stressful process, that much easier

This is our second time working with Emma and again we had such a great experience. Emma helped us understand the processes, provided guidance and was always available to answer any questions along the way. We are so grateful for her hard work and dedication to us during this process and would highly recommend her to anyone.

Emma was amazing. She is a very knowledgeable, hardworking and professional real estate agent, who will do everything she can to facilitate the seamless sale of your home, without compromising price or time. Emma was always sure to answer all of our questions and went out of her way to accomodate our needs and busy schedules. We are very grateful for her expertise and hard work.