1215m² On 3 Lots, 0

$By Negotiation
ForSale 1215M² Area 11Bedrooms 5Bathrooms 5Car Spaces

Five self-contained Flats: 1 x 3 bed & 4 x 2 bed.
1215 square metre corner allotment on three lots.

This property situated on the corner of Milton Road and Eldridge Street Toowong is conveniently located within walking distance to many amenities including transport, shops and schools.

Zoning: Character Residential CR2 Zone

Gross Rental Income of $72,800 per annum is definitely on the lower side of the rental market in the Toowong locality and the shrewd investor is sure to capitalise on this opportunity to increase yields together with the options of further development of this site.

The property offers a number of options for the new buyer as the property is a corner property with three lots:
– Re-align the boundaries of the current lots,
– Building on the corner allotment,
– Selling the corner allotment,
– Further development on the site,
– Other options are listed in the Town Planner’s report that is available on request.

For more information or to organise an inspection please contact the Drakos Team today.

Inspections strictly by Appointment Only.

Air Conditioning Balcony Pool Internet Cable TV Security
Property Address: 515 Milton Road
Property City : Toowong

Agent

Chris Kazonis and Tony Andrew

Chris Kazonis and Tony Andrew are Drakos Real Estate’s sales team. Giving you the best, unrivaled and unbeatable local expertise for the West End / South Brisbane area.

Call Chris on 0418 656 965 or chris@drakos.com.au
Call Tony on 0412 155 572 or tony@drakos.com.au

…or send an enquiry via the contact form below.

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