16-Unit Complex with High Returns on a 1,212sqm Corner Site
Also known as 48-52 Baron Street, Greenslopes. Contact agent for full information memorandum. This is your chance to secure an excellent investment only 5 minutes from the CBD. Situated in a prime Greenslopes position across a 1,212sqm corner block, this 16-unit complex boasts high returns and an outstanding capital growth opportunity. The property features 20 bed, 22 bath* and 25 car spaces. Fully tenanted with long-term tenants in place, the strata-titled complex presents the perfect addition to your portfolio. Comprising 12x 1-bed/1-bath units and 4x 2-bed/2-bath units, this building is exceptionally well-maintained and in mostly original condition. All units include enclosed balconies, and the 2-bedroom layouts feature 2 kitchens to cater to dual living. With the option to increase income through renovating or redeveloping the LMR3 Low-medium density residential (Up to 3 storeys) zoned site (STCA), this is a rare chance to secure a high-incoming producing asset in a city-fringe precinct. Highlights include: - 16-unit apartment complex 5 minutes from the CBD - 1,212sqm corner block with a north aspect to Juliette Street - Strata-titled and fully tenanted building reaping high returns - Option to renovate the complex or redevelop the LMR site (STCA) - Well-maintained with all but 1 unit in original condition - 12x 1-bedroom, 1-bathroom, 1-kitchen apartments - 4x 2-bedroom, 2-bathroom, 2-kitchen apartments - 24 undercover parking spaces - 80m to bus stops and 1.2km to Buranda station - 900m to Stones Corner precinct and Buranda Village - 2.3km to The Gabba and 1.9km to the UQ Green Bridge - Proximity to Mater, Greenslopes Private and PA Hospitals - 5.3km to the Brisbane CBD Located in a fantastic precinct, every amenity is within walking distance. The Mater, PA and Greenslopes Private Hospital are moments away, and you are close to the motorway, bus stops, trains, universities and The Gabba. Tenants can shop and dine at Stones Corner and Buranda Village and take advantage of the parkland and bikeway right down the street. In a high-demand area with access to everything – this is an unbeatable investment opportunity. *realestate.com.au allows only 20 bathrooms to be advertised. Note that the property features a total of 22 bathrooms. Disclaimer This property is being without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
