Investment Cashflow Opportunity in Prime Stones Corner Area!

Multi-level Residential and commercial mix free-standing building in the heart of Stones Corner.<br/><br/>12 Old Cleveland Road is in an unbeatable location with massive existing and building development underway. Set to go boom, and with the Olympics coming, don't miss out on this once-in-a-generation opportunity.<br/><br/>This property is set among a plethora of restaurants, cafes and hotels and an abundant transport hub; representing a superb cash flow and future development opportunity, all with the benefit of being just 3kms to Brisbane CBD, a short walk to train and bus stations, double street access from both Old Cleveland Road and Alice Place. This property also has the potential for further development, with the original design engineered for an additional three levels, subject to council approvals. <br/><br/>This mixed-use free-standing building presents 10 immaculate residential studio apartments spread across three levels, all with long-term tenants in place! On the top level, there is an outstanding, newly renovated three-bedroom Penthouse and a rooftop deck with outstanding panoramic views. There is a recently renovated office space on the street level with excellent, direct shop exposure and access to the bustling Old Cleveland Road. In addition, a large rooftop billboard brings in over $22,000 per year alone with a secure 5-year contract in place!<br/><br/><br/>Other key features:<br/><br/>- Ccommercial use office on the ground floor<br/>- Luxury Penthouse on top floor<br/>- 10 immaculate and well maintained fully tenanted studio apartments<br/>- Exceptional investment opportunity in a prime location<br/>- Outstanding exposure for commercial use<br/>- 6 secure carparks with rear carpark access from Alice Place<br/>- Gross income currently returning approx $280,000 per annum<br/>- Potential to further develop (subject to BCC approval)<br/>- Large rooftop Digital Billboard bringing in extra, reliable income<br/>- Short walk to Bus Terminal<br/><br/>Stones Corner is a high-density urban area with extraordinary development underway and, most importantly, surrounded with future flagged residential and commercial developments. It is a transport hub centre with one of Brisbane's best parks only a short walk away.<br/>If you are looking towards the future, number 12 Old Cleveland Road is a blue-chip investment.<br/><br/>Area features:<br/><br/>- Hanlon Park - a short walk away<br/>- Pacific Motorway - 1km<br/>- Buranda train station - 800m<br/>- Buranda Busway Station - 200m<br/>- Stones Corner Shopping Precinct - with a plethora of shops, cafes, hotels and restaurants is at your door<br/>- Buranda Village Shopping redevelopment - 1.7km<br/><br/>2032 Olympic Key Infrastructure:<br/><br/>- Gabba redevelopment 2.0km<br/>- Cross River rail precinct - 3.0km<br/>- Eagle Street Pier redevelopment - 5km<br/><br/><br/>Please contact us for a full property brief and bank valuation. With an unbeatable, outstanding location, this opportunity will not last long!<br/>This is truly a one-of-a-kind prime investment opportunity!<br/><br/>Contact Agents:<br/><br/>Annie Hayes<br/>0402 859 467<br/><br/>Sandie-Leigh Edwards<br/>0456 447 813