This fully tenanted and renovated block of 3 units on a 617sqm block is offered for sale to the astute investor looking for strong rental return and growth potential.
Note - Video Inspection available, please submit an enquiry to be sent the link.
Built in 1960 with a total annual gross rental income of $75,400 with potential to reach $80,600 in July 2025 and no body corporate you will be fully in control of your investment, and with the recent renovations your outgoings will be minimal.
All units feature the following - Built-in wardrobes to all bedrooms- kitchen with stone benchtops - modern appliances- renovated bathrooms - polished hardwood timber floors - Split-system air-conditioning - Individual lock up garage and storage area.
Unit 1 - $500pw
1 bed, 1 bath, 1 car
Lease - 14 Mar 2025 to 13 Mar 2026
Unit 2 Current Lease $400pw. Increase pending to $500
1 bed, 1 bath, 1 car
Lease - 25 Jan 2025 to 24 July 2025
Unit 3 - $550pw
2 bed, 1 bath, 1 car
Lease - 24 July 2025 to 23 July 2026
Current Yield / Prospective Yield
$1,450 - $1,550 per week / $75,400 - $80,600 per year
Separate water and electricity meters
Single Title
BCC Rates approx $1,406 per quarter
Water approx $952 per quarter of which $150-$200 recoverable from tenants.
No Body Corporate Fees
Located in a premium pocket of Mount Gravatt East the units are walking distance to public transport and close to cafes, shops, eateries, kindergarten/childcare services and schools, as well as easy access to walking/cycling trails and major arterials. An 8-minute drive to Westfield Garden City and a 10-minute drive to Griffith University Mount Gravatt campus.
For Sale by Expressions of Interest to be submitted by Sun 15th June 2025.
Purchase process
- Provide your details for access to the private video inspection link,
- Request an Information Package which has all property information,
- Submit the EOI form by Sun 15th June 2025.
- Contracts will be issued via DocuSign to all parties who have submitted an EOI.
- Contracts to be signed (with provision for you to revise any initial offer or terms as final offer) by Monday 16th June.
- Seller decision and execution by Tuesday 17th June
Maximum Acceptable Terms
7 Business days Building and Pest
10 Business days Finance.
30 Day Settlement
You should conduct your own due diligence before the EOI date.
Recent Sales
752 Ipswich Road, Annerley, Qld 4103
$1,917,000
Sold on 31 Mar 2025
809m2
Unit Details (Separately titled)
- 1 x 4-bed / 1-bath / 2-car
- 3 x 2-bed / 1-bath / 1-car
- 1 x 1-bed / 1-bath / 1-car
Gross rental return is $1,775 per week / $92,300 per year
4.81% Return
Brick and tile walk up.
25 Garden Street, Greenslopes, Qld 4120
$1,160,000
Sold on 06 Feb 2025
511m2
Two 2-bedroom units, each with a bathroom and a double garage
Gross rental return is $820 per week / $42,640 per year
3.67% Return
Brick and tin walk up.
54 Gordon Parade, Mount Gravatt East, Qld 4122
$2,000,000
Sold on 18 Oct 2024
1100sqm
1 x 3 bed | 1 bath
2 x 2 bed | 1 bath
Gross rental return is $1200 per week / $62,400 per year
3.12% Return
Fibro/tin/asbestos walk up.
49 Ekibin Road, Annerley, Qld 4103
Sold on 25 Sep 2024
$1,800,000
675sqm
1 x 2 Bed, 1 Bath, 1 Car
3 x 1 Bed, 1 Bath, 1 Car
Gross rental return is $1390 per week / $72,280 per year
4.01% return
Brick and tile walk up.
