37 MacGregor Terrace
Bardon, QLD 4065

Overview

37 MacGregor Terrace, Bardon

Positioned on a generous 749 square meter parcel, 37 MacGregor Terrace offers a rare and tightly held landholding opportunity in one of Brisbane's most desirable inner western streets. Large parcels of this nature are increasingly scarce in Bardon, especially those that combine strong holding income with long-term redevelopment or uplift potential.

The property comprises four existing dwellings, consisting of four self-contained units. This setup provides investors with the ability to generate immediate and diversified rental income while benefiting from the suburb's strong underlying land value. This configuration makes the asset particularly attractive as a high-yield holding property with future flexibility.

Ideally located approximately 4 kilometers from the Brisbane CBD, the property enjoys excellent connectivity while maintaining the privacy and lifestyle appeal Bardon is known for. Public transport is readily accessible, with bus services along nearby Latrobe Terrace and MacGregor Terrace offering frequent and direct routes into the city, Paddington, and surrounding inner-city precincts.

The location is further enhanced by its proximity to some of Brisbane's most highly regarded educational institutions. The property is within close reach of Rainworth State School and Kelvin Grove State College, as well as respected private schools including Stuartholme School, Brisbane Grammar School, Brisbane Girls Grammar School, and Marist College Ashgrove. Additionally, it is near QUT's Kelvin Grove campus, appealing to both owner-occupiers and university students.

With its favorable lot size, established income profile, excellent transport links, and close proximity to the CBD, this property represents an exceptional opportunity for astute investors and developers seeking a strategic acquisition in a proven inner-city growth corridor.

Current tenancies include:

• 37A: 4 bedrooms, 1 bathroom – $700 per week, lease until 30 June 2026
• 37B: 2 bedrooms, 2 bathrooms – $650 per week, lease until 22 February 2027
• 37C: 2 bedrooms, 2 bathrooms – $550 per week, periodic tenancy
• 37D: 2 bedrooms, 2 bathrooms – $550 per week, lease until 19 January 2027

Approximate quarterly outgoings are Brisbane City Council rates of $994, water service charges of $66, and sewerage charges of $188.

This property is offered for sale by negotiation with an asking price of $3 million plus. It is an outstanding investment and development opportunity in a sought-after location.

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