37 Ahern Street
Labrador, QLD 4215

Overview

Rare Blue Chip Multi-Income Investment — 11 Tenancies on 1,434m² of MDR Land

Welcome to Toledo Gardens, a unique multi-income investment opportunity located in the prime coastal suburb of Labrador. This rare property combines immediate cashflow, land banking potential, and future development possibilities on a substantial 1,434 square meter site zoned for Medium Density Residential (MDR) with a 29-meter height allowance.

The property comprises 11 self-contained tenancies, including a main dwelling and multiple units, offering a diversified income stream and natural vacancy protection. The main dwelling features four bedrooms, two bathrooms, dual living areas, and dual kitchens, providing versatile accommodation options. Additionally, there are three larger units, two two-bedroom units, and five one-bedroom units, all occupied predominantly by long-term tenants, some residing for over 15 years. A common laundry area serves the building, contributing an additional approximate monthly income of $70.

Key investment highlights include an approximate gross annual income of $250,900 from the 11 independent tenancies, reflecting a strong and stable cashflow. The property benefits from Labrador's impressive median growth of 127% over the past five years, underscoring its capital growth potential. Its strategic location offers proximity to essential amenities such as the hospital, university, and is just 450 meters from the Broadwater and light rail, enhancing tenant appeal and future development prospects.

Expenses are limited to council rates and water, approximately $5,250 per year, making this an efficient investment. Whether you intend to hold the asset for robust rental returns, reposition it, or explore redevelopment opportunities, this property provides flexibility within one of the Gold Coast's most dynamic growth corridors.

Interested parties are encouraged to conduct their own enquiries and seek legal advice to fully assess the property's attributes, including land size, floor plans, building condition, and age. This offering is presented without a price guide, reflecting the unique nature of the sale and the website's functional price bracket filtering.

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