103 Moray Street
New Farm, QLD 4005

Overview

103 Moray Street, New FarmContact Agent QLD 4005

Built during the 1930s, 'Ardrossan' is a classic block of flats that has been available for only the third time in nearly a century. Originally sold as a whole building, each apartment is now strata-titled, allowing for individual sales. This presents a rare opportunity to acquire Ardrossan as a single package, with an Information Memorandum available upon request.

• The property comprises six two-bedroom apartments plus sunrooms, each with off-street parking.
• All apartments are in excellent condition, beautifully maintained with no outstanding works in progress.
• Kitchens and bathrooms have been updated while retaining period features such as polished timber floors.
• The building is fully rented, generating an approximate annual income of $240,000.
• A newly established body corporate is in place, complete with forecasts and a property management plan.
• There is flexibility to sell apartments individually or maintain the property as a full block of flats.
• Located prominently on Moray Street, the property is part of the heritage-listed Julius Street precinct.
• It is adjacent to the riverside, offering city skyline, river, and district views.
• This is a solid investment with a proven track record of strong capital growth.
• The location is within walking distance to village cinemas, shops, Howard Smith Wharves, and the CBD.

Location