515 Milton Road, Toowong QLD 4066 AUS
Under Contract
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.
Property Features
- Block Of Units
- 11 bed
- 5 bath
- 1 Parking Spaces
- Land is 1,215 m²
- Garage
- 4 Open Parking Spaces
Disclaimer
S Drakos Real Estate accepts no responsibility for the use of or reliance upon the information contained within.
The information contained herein should not be solely relied upon for investment decisions, including for the purposes of purchasing of the subject land. S Drakos Real Estate strongly recommends further detailed investigations are conducted prior to making such a decision. Further detailed investigations which might be advisable could necessitate engagement of a land surveyor, civil engineer, architect, quantity surveyor, valuer, and / or others. Further detailed investigations might also call for a meeting with local Council and / or State Agencies.