111 Grosvenor Street, Morningside
Block of Flats Ideal for the Astute Investor
Property Description 1st Column
A remarkable offering in the form of this elevated 3 unit complex set in the heart of Brisbane’s most sought-after, tightly held locale is an exclusive opportunity for developers and astute investors to secure a unique development or investment prospect. A rarity within today’s market, this substantial 607m2 land holding is located within six km’s to the Brisbane CBD.
With no Strata Titles currently listed and with one long term owner, the three units have been blessed with continual long-term tenants. No body corporate fees and a very unique, central location, there is opportunity to maximise on increased rental returns from an internal makeover or development. Further utilisation of the lower ground level is an option as the space is currently used as garages, storage and laundry space for each unit.
The current two bedroom units offer light filled flowing interiors with ample scope to enhance. Enjoying the elevated position of the top level, all three units feature polished timber floors and two staircases lead to each apartment.
Property Description 2nd Column
This quality parcel rests on the fringe of the Brisbane CBD and is positioned just a short stroll to various lifestyle amenities including dining, shopping experiences and schools with Oxford Street moments away. With direct access to public transport facilities and main roads, commutes to the CBD, Gold and Sunshine Coasts with be easy.
Current rental return figures;
– Unit 1 & Unit 2 Grosvenor – $280 per week
– Unit 3 Grosvenor – $295 Per week
Total $855 pw.
A hidden gem with immense future potential- it is a must to inspect!
‘This property is being sold by auction or 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.’
- 6 Bedrooms
- 3 Bathrooms
- 607 m2 Land Size
- 6 Parking Spaces