LJ Hooker Brisbane City are proud to present 278 Milton Road, Milton to the market for immediate sale.

* Tightly held for over 47 years. Outstanding Investment opportunity
* High Profile Milton Road Site with 108m* Milton Road Frontage
* Two Street Access. Front and rear of the site; Milton Road & Nerida Lane
* 1,955sqm expansive elevated land area with abundant exposure. Ample on site car parking
* CR2 – Character Residential Zoning. Land use: Multi Unit Dwelling (flats)

Current Improvements include:
* 10 Flats, 7 of which are ‘Residential Services’ fully accredited. Freestanding 2 Bedroom House
* Telecommunication Tower Leased to Telstra. 3 x 10 year lease. Expiry 2033. Annual 6% fixed rental increases
* Current Residential Gross Income: $153,238 (Exc GST). Current Telstra Tower Income: $49,950 + GST. Total Gross Income: $171,425. Outgoings (BCC Rates, Urban Utilities (water/sewer) Electricity, Gas, Fire Safety, Emergency Phone: $19,832. Net Income: $151,593* (+ GST if applicable)
* Significant opportunity to improve and increase income
* Situated within 2km of the Brisbane City, foot steps to Park Road Business & Restaurant Precinct and Train Station
* Walking Distance to Suncorp Stadium, Ferry Terminal, Bus Stops, and other amenity
* Act Immediately. Motivated vendor has provided their clear instructions to ensure the property is sold at Auction, (if not sold prior)

Auction: 10 September 2021 onsite at 10:00am

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