198 Indooroopilly Road, St Lucia QLD 4067

Cash Cow Returns with Five Flats on Large 1060m2 Land (on two lots) with Blockbuster Blue-Chip Opportunity in St Lucia

Block Of Units Sold - St Lucia QLD

Rock solid returns & an exceptional blue-ribbon location – this 11 Bedroom 5 Bathroom & 5 Car Accommodation (no body corporate) on 1060m2 of land (23.6m frontage on two lots) is the prime investment opportunity you have been searching for.

An abundance of opportunity and options await you at 198 Indooroopilly Road St Lucia! Comprising five flats across two lots on 1060m2 (23.6m frontage) on prime St Lucia land. Positioned in the thriving suburb of St Lucia, currently producing a rental income of $2,180 per week ($113,360/annum) here is your golden opportunity. Independent Rental Appraisal: $2,925 – $3,175/week. The choice is yours enjoy the holding income into the future or for those wishing to knock down this post-war block of flats and build one or two new executive homes (subject to council approval) on the substantial block. A short distance from The University of Queensland, Indooroopilly Shopping Centre and the Brisbane CBD, securing this winning address will reward the astute investor or owner occupier with significant returns now and into the future.

Four of the five flats include X4 two bedrooms, one bathroom, living/dining area, kitchen and front/rear decks. The fifth unit at the front of the home offers a three bedroom with a more spacious floorplan including a larger kitchen, living/dining, bathroom and verandah. Enjoying optimal privacy and convenience, each of the separate residences have been fit with modern kitchen appliances and ceiling fans throughout, the bedrooms with built-in robes and ample windows that allow natural light and breezes to flow through. The property offers covered parking accommodation, communal laundry, visitor carpark and a leafy green shared backyard for all to enjoy.

This is low maintenance split-level building boasts 11 rooms, 5 bathrooms and 5 car accommodations. Professionally managed by Hive Real Estate, the specialists in accommodation, your investment is secure and underpinned by its prime St Lucia location. Neighbouring highly regarded schools including Ironside State School, Indooroopilly State High School and St Peter’s Lutheran College, in addition to the prestigious University of Queensland. Walk to St Lucia Golf Club, numerous local parks and shops, we well as riverside walk/bikeways, cafes, restaurants and public transport. All the units are leased until 2026, allowing you time to make decisions on your investment and receive rental income in the interim. Don’t be complacent in securing this property though, as blocks this size in St Lucia with an earning capacity such as this one are few and far between!

The current owners are divesting due to family circumstances, so reluctantly, it’s time to sell up and sell they will – there will be Auction Action on the 20th of September at 10:00am (On Site). Whole blocks of flats offering these proven returns and land sizes do not come along everyday, so arrange your inspection today and call Elliott Dean on 0401 762 655.

AUCTION 20th September 10AM (ON SITE).

Dean Property Team Pty Ltd has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective buyers should make their own enquiries to verify the information contained in this advertisement.

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