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Overview
Rarely does an opportunity of this magnitude and versatility present itself in such a prime and sought-after location. This offering consists of two entire blocks of flats positioned side-by-side on a prime 1,214 square metre amalgamated LMR2 zoned allotment, representing a significant land holding with immediate rental upside and notable future development potential.
Located in the heart of Alderley, this property presents a rare chance for informed buyers seeking a high-yield investment with exceptional cash flow, a renovation project to enhance value, or a strategic site for future flagship redevelopment subject to council approval.
The two solid brick complexes are immaculately maintained, built to a high standard providing low-maintenance living that is well-suited to Brisbane's tight rental market demands.
Situated only 7 kilometres from the Brisbane CBD, the site benefits from commanding dual-street frontage on Frederick and Wakefield Streets. The elevated position affords stunning city views along with low vacancy rates and strong long-term capital growth prospects thanks to proximity to major infrastructure and lifestyle amenities.
The property features:
- A substantial, relatively flat 1,214 m² allotment made of two neat 607 m² titles with favorable LMR2 zoning, offering a 40-metre total frontage ideal for premium redevelopment opportunities and secure land banking.
- Eight two-bedroom units within two solid brick buildings showcasing impeccable build quality. High ceilings, separate oversized garages, and independent downstairs laundries add to the appeal. Some units are recently renovated while all remain in excellent condition to ensure low upkeep requirements.
- Dual street frontage allowing exceptional access and design flexibility, complemented by outstanding, permanent views of the Brisbane CBD skyline, nearby Brickworks, and verdant suburbs.
- A strong income stream currently generating approximately $171,000 per annum, with a market lease potential to substantially increase rental yield.
- Close proximity retail and conveniences including a short 300-metre walk to Alderley Village and Coles, providing tenants or future owners quick access to daily essentials, cafes, and dining options.
- Excellent transport connectivity with a 300-metre walk to Alderley Train Station and bus interchanges offering direct, frequent connections to the Brisbane CBD for commuter ease.
- Rental appraisal estimates between $220,000 and $230,000 per annum.
This represents a rare opportunity to secure a significant footprint with favorable zoning in one of Brisbane’s most resilient, high-performing inner-north suburbs. The site sits within the Alderley Centre Suburban Renewal Precinct, surrounded by quality new developments like Brickworks Park and Breath Residences as well as the major proposed Station Quarter project. Alderley is poised to become a future jewel of Brisbane’s northern suburbs.
The property is currently fully tenanted, historically maintaining near-zero vacancy periods, highlighting its desirability as an investment.
This exclusive asset is available for inspection by appointment only.
Local Market Insights
In Alderley, Quiet Listings observed 8 new apartments entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $1,324,375. The property type mix of listed properties is predominantly Houses at 41%, followed by units (23%), and townhouses (16%). Ray White was the most active agency monitored, representing 28.3% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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
Alderley QLD 4051
Market Insights for Alderley QLD 4051
Other properties in this postcode
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