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278 Milton Road
Milton QLD 4064
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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

 Bromley Real Estate
Bromley Real Estate
3370 Pacific Highway
Springwood, QLD 4127

Property Highlights

Date Sold9 Nov 2021
Floor Area725 m²
Land Area1,955 m²
ParkingOn site parking available
Property ID2017184218
Category
Last updated  11 Nov 2021
Map for 278 Milton Road Milton QLD 4064

Nearest transport* to 278 Milton Road Milton QLD 4064

Bus
Train
Ferry
Milton Rd at Milton, stop 772 m
Milton Rd at Milton, stop 776 m
Baroona Rd at Baroona Shops, stop 7156 m
Baroona Rd at Baroona Shops, stop 7170 m
This data is © 2023 The State of Queensland, licenced under CC BY 4.0.
*Within a 4km radius
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 Bromley Real Estate
Bromley Real Estate
3370 Pacific Highway
Springwood, QLD 4127

Property Highlights

Date Sold9 Nov 2021
Floor Area725 m²
Land Area1,955 m²
ParkingOn site parking available
Property ID2017184218
Category
Last updated  11 Nov 2021

Listed by

Bromley Real Estate
Call
07 3115 7128

More about 278 Milton Road Milton QLD 4064

278 Milton Road Milton QLD 4064 is categorized as Land & Development Property. It has a floor area of 725 m² and a land area of 1,955 m². The listing ID for this property is 2017184218.

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