335 Milton Road, Auchenflower QLD 4066

Situated less than 3 kilometres from Brisbane’s CBD, this unique property presents a strong investment opportunity on a substantial 824sqm site within the sought-after suburb of Auchenflower. Its close proximity to public transport, including frequent bus routes just 150m away and Milton train station within 700m, provides excellent connectivity for residents and tenants alike.

The property comprises six self-contained flats under a single title, offering a combined gross rental income of $131,560 per annum. With a configuration of five one-bedroom and one two-bedroom flats, all units are secured by fixed-term leases, ensuring stable rental returns. The flats’ high demand in this location, coupled with the potential for yield improvement through minor renovations between tenancies, highlights the asset’s strong income-generating capacity and growth potential.

Set across two lots zoned CR2, Character Residential/Infill Housing, the timber construction features a high-set design with parking beneath, and includes off-street parking facilities. The zoning and site arrangement present possible development or redevelopment opportunities, making the property attractive for investors and developers looking for a sizeable land holding close to the city centre.

Additionally, the site benefits from nearby community amenities, including Milton State School and Rosalie Village just 550m away, and a variety of local shops and cafes, enhancing appeal for long-term tenants. The manageable scale and secure income stream make it a particularly suitable asset for astute purchasers seeking a balance of income and capital growth potential in Brisbane’s inner west.