A rare opportunity to secure a blue-chip investment property in one of Brisbane’s most sought-after suburbs. This charming 1930s Queenslander has been tastefully converted into four fully tenanted flats, offering a current rental return of $68,900 per annum. Situated on an elevated block, this property combines timeless character with strong rental income, making it an ideal addition to your investment portfolio.
Located in Taringa, a vibrant and well-connected suburb, this property benefits from its proximity to the University of Queensland, St Lucia campus, and the prestigious Brisbane Boys’ College (BBC). With Toowong Village and Indooroopilly Shopping Centre just minutes away, residents enjoy access to a wealth of retail, dining, and lifestyle amenities. Excellent public transport links, including buses and trains, ensure convenient travel to the Brisbane CBD and surrounding areas.
With potential to increase its already impressive yield, this property offers the astute investor the chance to further capitalize through renovations and modern updates. There is ample opportunity to enhance the property’s value and rental return by refreshing the interiors further redevelopment (STCA). Don’t miss this chance to invest in a high-demand location with plenty of growth potential and great rental returns.
Upstairs the original timber home has been split into two flats, one two-bedroom property with high ceilings, stunning VJ walls and ornate features and the second a one-bedroom apartment with large sunroom and views to Toowong Central and West End. Downstairs has been excavated and built in with two low maintenance single bedroom flats with solid Besser block construction.
A detailed information memorandum is available upon request with a current building and pest report and details of each current lease. This property is being sold by public auction on the 12th of October at the Coronis Woolloongabba office. Please ensure to enquire to express your interest and register to bid on this incredible investment opportunity.
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
NOTE: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.