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Overview
A Prime 6 Unit Block in the Heart of Newmarket
This exceptional property presents a rare opportunity to acquire a prime block of six units located in the highly sought-after suburb of Newmarket. Situated on a substantial 615 square meter allotment zoned LMR2, this investment offers significant land holding potential with immediate rental income and promising future development prospects.
Strategically positioned just 5 kilometers from Brisbane's Central Business District, the property benefits from a location that ensures low vacancy rates and strong capital growth. The site offers versatility for investors and developers alike, presenting options to hold as a high-yield rental investment, undertake renovations to enhance value, or pursue redevelopment subject to council approval.
The existing six-unit complex is well-suited to capitalize on Brisbane's tight rental market, providing a steady income stream while allowing for long-term planning. The favorable LMR2 zoning supports future redevelopment opportunities, making this an attractive proposition for land banking or strategic development.
Residents and tenants will appreciate the proximity to quality educational institutions, including Newmarket State School and Kelvin Grove State College, which are within the catchment area. The location also offers excellent lifestyle amenities, with Banks Street Reserve and the Enoggera Creek Bikeway nearby, providing recreational options that enhance rental desirability.
Convenience is a key feature, with Newmarket Village, Reading Cinemas, and Coles supermarket just moments away, ensuring easy access to shopping, dining, and entertainment. Transport connectivity is excellent, with direct and frequent services to the Brisbane CBD via Newmarket Train Station and local bus interchanges, making commuting straightforward and efficient.
This property represents a unique chance to secure a significant land footprint in one of Brisbane's most resilient and high-performing suburbs. The block is currently fully tenanted, with a strong rental history and minimal vacancy periods, underscoring its appeal as a reliable investment.
Prospective buyers are encouraged to make an enquiry to obtain detailed income information and further documentation. Viewings are by inspection only, providing an exclusive opportunity to explore this premier asset and its potential.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Newmarket QLD 4051
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 490 m² |
Market Insights for Newmarket QLD 4051
Other properties in this postcode
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