698m2 Development Opportunity in High-Density Zone

567 Newnham Road, Upper Mount Gravatt, 4122

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762,000 AUDEst. Mortgage: AUD 5,354/monthFor Sale
  • Ownership Type House
  • Property Area 698 sqft
  • Bedrooms 6
  • Bathrooms 4
  • Furnished No
  • Last Updated 8th Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Carport: 4
  • Air Conditioning
  • Toilets: 4

Property Overview

Priced to sell, you wouldn't want to miss this investment opportunity in the great LOCATION in Upper Mt Gravatt.

Located;
- 2 minutes from the Pacific Motorway
- 6 mins from the Gateway Motorway
- 600 meters to Westfield Garden City
- 7 minute drive to Griffith University Mount Gravatt Campus
- 6 minute drive to Griffith University Nathan Campus

The existing property is also a great investment for student accommodation, currently returning $890 per week at full capacity. This is an excellent return on your money whilst holding the property or waiting for DA approvals.

Features:
• 6 Bedrooms
• 4 Bathrooms
• Huge block, high potential
• Enormous 6.6Kw Solar System
•current rent income $1040 Per week
• Double carport
• Very sought after location
• Close to Westfield Garden City, Palmdale, and Mount Gravatt Plaza
• Easy access to Pacific and Gateway Motorways

Council rates $524.72 per quarter

Contact today for more information or to organise an inspection.

Location on Google Map

567 Newnham Road, Upper Mount Gravatt, 4122

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