13A Gibson Street
Annerley, QLD 4103

Overview

Post-War Block of Flats with LMR2 Zoning on 1,017m2

This property presents a rare opportunity in a highly sought-after location, featuring a circa 1970s block of five flats situated on a level 1,017 square meter block with low-medium density residential zoning (LMR2). The site offers significant potential for redevelopment, subject to council approval, with the possibility of constructing a two or three-storey mix that capitalizes on the block's size and elevated position, providing potential city and district views.

• The block comprises three one-bedroom flats and two two-bedroom flats, currently generating an approximate weekly rental income of $1,945.
• There are five car parking spaces located under the building, each with dedicated storage facilities.
• The land is relatively flat and held on a single title, enhancing its appeal for redevelopment or continued investment.

Located in a blue-chip area, this property is close to parks, shops, cafes, and public transport options, making it highly convenient for residents. It also falls within the catchment areas for Junction Park State School and Yeronga State High School, adding to its desirability for families.

This is the first time the property has been offered to the market by the original owners, presenting a unique chance to acquire a substantial asset with multiple income streams or redevelopment potential in a rare and valuable location. Prospective buyers are encouraged to act swiftly as opportunities of this nature in Annerley are exceptionally uncommon.

Location