169 Jubilee Terrace
Bardon, QLD 4065

Overview

Rare Opportunity in Bardon

Opportunities of this calibre in tightly held inner Brisbane locations are becoming increasingly scarce.

This is the chance to purchase an entire block of flats, set on an expansive 853 square meter corner block in a prime location. It offers exceptional potential for developers, owner-occupiers, or property investors.

All of the units are rented, generating a combined gross return of approximately $100,600 per annum. The property has been recently refurbished with external works including fresh paint and new roof and guttering. Internally, the apartments have also been completely renovated featuring new kitchens and updated bathrooms with all new painting, electrical fittings, and new or updated flooring. They are beautifully presented.

This property represents the ultimate hands-off passive investment where all of the work has been done and no major works will be needed for many years to come.

An added bonus is this property's proximity to transport and shopping, making it a prime candidate to benefit from future changes to the city plan allowing for potential to split a block of land at the back and build or sell to amplify the yield to the new owners, subject to council approval.

The property is located in a leafy and elevated spot, a short walk to the Bardon shops on Macgregor Terrace, close to Paddington’s bustling Latrobe Terrace, and offers an easy commute to the Brisbane CBD.

Whether you are an investor seeking strong returns, a developer looking for a project, or an owner-occupier seeking a large home site in an inner Brisbane location, this is an exciting opportunity not to be missed.

Location