Presenting an outstanding investment opportunity offering immediate rental income, established tenancies and exciting potential to maximise future returns. Positioned on a generous 607sqm allotment with LMR2 zoning, this is an opportunity to secure a substantial income producing asset today while exploring the potential to enhance, improve or redevelop the site in the future (subject to council approval).
The property comprises four individual residences, including three well-appointed two-bedroom apartments, each offering one bathroom and secure parking, complemented by a unique tri-level studio-style residence positioned at the rear of the complex. Adding another point of distinction, the rear residence enjoys sweeping city views from its private rooftop deck.
Whether you're seeking a strong performing investment with established rental income, looking to add value through future renovations and improvements, or considering the longer term possibilities offered by the LMR2 zoning, this versatile property presents a range of opportunities. Alternatively, the substantial allotment may appeal to those looking to explore the possibility of creating a standalone residence in the future.
Surrounded by quality homes on the prestigious Hawthorne border and proudly positioned on the crest of the hill this elevated location captures impressive city views and offers an enviable sense of outlook. With Brisbane continuing to evolve and gearing up to host the 2032 Olympic Games this is a location that presents exciting long-term growth and capital appreciation potential.
Key Investment Highlights:
* Generous 607sqm allotment with expansive city views from the rooftop deck of apartment 3B
* Four income-producing residences comprising three two-bedroom apartments and one unique tri-level studio-style apartment
* Single title ownership with no body corporate fees
* Solid brick construction with LMR2 zoning
* Potential future redevelopment opportunities (subject to council approval)
* Current combined gross rental return of $113,620 per annum
* Established tenancy profile comprising a combination of long-term and newer tenants
* Immediate rental income with all four residences currently tenanted
Each residence offers air-conditioned living areas for year-round comfort and modern kitchens, while apartments 1, 2 and the middle level of apartment 3B feature attractive polished timber flooring.
The location further enhances the appeal, positioned just 4 minutes from Hawthorne & Bulimba's dining precincts, Movie theatres, Citycat services, local parks and quality schools are also conveniently accessible, ensuring continued appeal for tenants and future owners alike.
Opportunities to secure a multi-residential investment of this scale, with immediate income, single-title ownership and exciting future potential, are increasingly rare.
An exceptional opportunity to secure a versatile investment with multiple avenues for future growth.
PRICE INFORMATION: This property is being marketed without a price. Accordingly, a price guide cannot be provided. The website may have automatically allocated the property to a price bracket for functionality purposes only.
PHOTOGRAPHY DISCLAIMER: File photos (to protect the tenants privacy) and AI technology has been used to enhance selected photographs for advertising purposes.
