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Overview
This unique investment property offers a substantial holding with immediate income and promising long-term potential in Brisbane's vibrant inner-city locale of West End. Situated on an elevated 809sqm parcel with a wide 20-metre frontage, the block comprises four fully leased post-war units, each featuring two bedrooms and one bathroom, with air-conditioned living spaces. The site benefits from commanding views that capture the city skyline, Mt Coot-tha, and extend southward towards the University of Queensland.
With consistent high rental demand in the area, the asset currently delivers solid gross returns of $112,320 per annum, appealing strongly to investors seeking secure cash flow. The complex’s low-maintenance profile, having no lift and all units on a single level, complements its hold-and-grow investment strategy.
Zoned CR2 Character (Infill), the property presents compelling redevelopment opportunities. The site is compatible with potential subdivision or redevelopment into townhouses, duplexes, triplexes, or multiple units, subject to council approval. Its prime location just 3km from Brisbane’s CBD ensures excellent access to transport options including bus and CityCat ferries, as well as proximity to key institutions such as UQ, QUT Gardens Point campuses, and major hospitals.
This offering suits investors prioritizing a stable income stream with significant upside potential through future development. The combination of location, steady holding income, and development flexibility makes it a rare and valuable proposition in one of Brisbane’s most dynamic urban precincts.
Local Market Insights
In Brisbane Inner City, Quiet Listings observed 2 new block of unitss entering the market over the last 30 days, unchanged from 2 in the prior period, with an average advertised asking price of $3,250,000. The property type mix of listed properties is predominantly Houses at 32%, followed by apartments (28%), and commercial properties (14%). The most active agency for block of unitss in the Brisbane Inner City area is currently First National, representing 50% of new listings, followed by Ray White with 50%. 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.
Change History
| Headline | When |
|---|---|
| Contact Agent | |
| Mid 3 Millions |
Location
West End QLD 4101
Market Insights for West End QLD 4101
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