Exceptional Position. Impressive Returns. Striking Character

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30 Alma Street, Paddington QLD 4064

Pre Market Opportunity

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$2.2M - $2.42M High Confidence Calculated based on strong search observations.

Block of Units 10 Beds 4 Baths 2 Cars 478 m²

Listed: 5 hours ago

Overview

Situated in the heart of Paddington, this substantial block of units represents a noteworthy investment opportunity distinguished by its striking character facade and prime location on a prized corner allotment. Offering an impressive annual rental income of approximately $115,000, the property provides both immediate returns and potential for future value enhancement.

The land measures an oversized 478 square meters, flood-free, affording established gardens and a leafy, serene ambiance that complements the visual appeal of the property. The soaring ceilings within the residences reinforce the impression of spaciousness and character.

Positioned strategically between Rosalie Village and Paddington Central, this location offers convenient access to a vibrant selection of cafes, restaurants, retail outlets, and public transport options, including easy connections to the Brisbane CBD. This ease of access enhances the property's appeal to a range of occupants and tenants.

This offering is particularly suitable for buyers prioritizing investment potential, seeking a blend of strong rental yield and scope to add value over time within a blue-chip precinct renowned for its enduring desirability.

Local Market Insights

In Brisbane Inner City, Quiet Listings observed 3 new block of unitss entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $6,283,333. The property type mix of listed properties is predominantly Houses at 39%, followed by apartments (34%), and units (13%). The most active agency for block of unitss in the Brisbane Inner City area is currently First National, representing 33% of new listings, followed by Ray White with 33%. 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.