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Sold on 9 Nov 2021

278 Milton Road Milton QLD 4064

  • Development / Land
  • 1,955 m²
  • Sold

Rare Opportunity! Inner City Freehold Block Of 10 Units, House & Telstra Tower On 1,955 sqm Land Area

    LJH Commercial Brisbane & Colliers International are proud to present 278 Milton Road, Milton to the market for immediate sale.

    * Tightly held for over 47 years. Outstanding Investment opportunity.
    * High Profile Milton Road Site with 108m* Milton Road Frontage.
    * Two Street Access. Front and rear of the site; Milton Road & Nerida Lane.
    * 1,955sqm expansive elevated land area with abundant exposure. Ample on site car parking .
    * CR2 â Character Residential Zoning. Land use: Multi Unit Dwelling (flats).

    Current Improvements include:

    * 10 Flats, seven of which are âResidential Services fully accredited. Freestanding 2 Bedroom House.
    Telecommunication Tower Leased to Telstra. 3 x 10 year lease. Expiry 2033. Annual 6% fixed rental increases.
    * Current Residential Gross Income: 122,460 (EX GST). Current Telstra Tower Income: $49,950 + GST. Total Gross Income: $172,410.
    * Outgoings (BCC Rates,Urban Utilities (water/sewer) Electricity, Gas, Fire Safety, Emergency Phone: $19,172.
    * Net Income: $153,238* (+GST if applicable).
    * Significant opportunity to improve and increase income.
    * Situated within 2km of the Brisbane City, foot steps to Park Road Business & Restaurant Precinct and Train Station.
    * Walking Distance to Suncorp Stadium, Ferry Terminal, Bus Stops, and other amenities.
    * Act Immediately. Motivated vendor has provided their Clear Instructions to ensure the property is sold at Auction, (if not sold prior).

    * Auction: 10am Onsite, 10 September 2021

    * - approx.

    BUILDING AREA: 725sqm (approx)
    LAND AREA: 1,955sqm

    Manoli Nicolas
    LJ Hooker Commercial Brisbane
    Manoli Nicolas
    LJ Hooker Commercial Brisbane
    Philip ODwyer
    Colliers (Brisbane)
    Philip ODwyer
    Colliers (Brisbane)

    Property Highlights

    Property ID2017184218
    Date Sold9 Nov 2021
    Floor Area725 m²
    Land Area1,955 m²
    ParkingOn site parking available
    Category
    Last updated  10 Aug 2021
    Map for 278 Milton Road Milton QLD 4064
    Map for 278 Milton Road Milton QLD 4064278 Milton Road Milton QLD 4064
    Manoli Nicolas
    LJ Hooker Commercial Brisbane
    Manoli Nicolas
    LJ Hooker Commercial Brisbane
    Philip ODwyer
    Colliers (Brisbane)
    Philip ODwyer
    Colliers (Brisbane)

    Property Highlights

    Property ID2017184218
    Date Sold9 Nov 2021
    Floor Area725 m²
    Land Area1,955 m²
    ParkingOn site parking available
    Category
    Last updated  10 Aug 2021
    LJ Hooker Commercial Brisbane
    6/3370 Pacific Highway Springwood QLD 4127
    Manoli Nicolas
    LJ Hooker Commercial Brisbane
    Manoli Nicolas
    LJ Hooker Commercial Brisbane
    Philip ODwyer
    Colliers (Brisbane)
    Philip ODwyer
    Colliers (Brisbane)
    Manoli Nicolas

    Manoli Nicolas

    LJ Hooker Commercial Brisbane

    Philip ODwyer

    Philip ODwyer

    Colliers (Brisbane)

    0400 *** ***
    0400 082 170

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