905m2*, Two Street Frontage, Block of Flats

47 Victoria Terrace, Annerley, 4103

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55,321 AUDEst. Mortgage: AUD 389/monthFor Sale
  • Ownership Type Unitblock
  • Property Area 903 sqft
  • Bedrooms 7
  • Bathrooms 5
  • Furnished No
  • Last Updated 4th Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Balcony
  • Garage: 5
  • Secure Parking

Property Overview

On offer is an exceptional opportunity for the savvy buyer to secure a highly desirable block of flats with strong rental returns and endless development potential.

Nestled over a generous 905m2* and two streets is a property that can provide favourable development potential with a larger than average 905m2* with 19m* frontage.

Currently used as 5 flats (3x1 Bed and 2x2 Bed) each with car accommodation and individually metered investors can achieve approx $68,000 earnings with little outgoings as there are no strata fees.

This amazing investment is positioned in a highly desirable location with Brisbane CBD only 5 minutes away whilst also having convenient amenities only a short distance away
- PA Hospital
- Greenslopes Private Hospital
- Cross River Rail Network
- Parks and walking tracks
- Café's and Shopping Precincts

Potential development opportunities encompass multiple opportunities with examples scattered through the surrounding streets

Opportunities to create wealth in a high growth area are few and far between.

* Where properties are being sold without a price, in accordance with government regulations a price guide cannot be provided. Please also note that the website being viewed may have filtered the property into a price bracket for functionality purposes.

* Land dimensions are sourced from Pricefinder & B.C.C and should be used as a guide only

Location on Google Map

47 Victoria Terrace, Annerley, 4103

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