FOR SALE
For Sale

29 Chasely Street
Auchenflower QLD 4066

Bedrooms: 15
Bathrooms: 4
Car spaces: 3
Land area: 607m2
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Rare Investment and Development Opportunity

"Fields on Chasely" is a sensational offering to the market, this unique Auchenflower property presents excellent investment and development potential.
Currently used as a boarding house, the residence features 15 bedrooms over three levels, with a kitchen, bathroom and outdoor space on each floor. Fully leased with returns of approximately $160,000 per annum, the property provides a spectacular opportunity to retain as an investment and continue generating high rental income in an in-demand area only 3.5km from the CBD.
Zoned High Density Residential (up to 15 storeys), there is also a chance to redevelop the 607sqm site and further capitalise on the elevated position and sweeping vistas across the suburbs and out to the CBD (STCA).
Located in a superb inner-city precinct, this property is across the street from Wesley Hospital and within easy walking distance of Auchenflower station, city bus stops, the CityCat and the riverwalk/bikeway. Offering excellent access to cafes, parkland, Toowong Village, UQ, premier schools, Suncorp Stadium and South Bank, this position is highly sought-after by executives, university students and families.
Property highlights:
- Unbeatable investment or development opportunity
- 15-bedroom boarding house on 607sqm with elevated views
- 3-storey residence with a kitchen and bathroom on each level
- Master bedroom with ensuite and balcony access (caretaker room)
- Currently fully leased (14 rooms) for approximately $160,000 per annum
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Property Details for 29 Chasely St, Auchenflower

29 Chasely St, Auchenflower is a 15 bedroom, 4 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 607m2. The place is currently for sale with SPACE Property Paddington.

Building Type
BlockOfUnits
Land Size
607m2

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About Auchenflower 4066

The size of Auchenflower is approximately 1.5 square kilometres. It has 8 parks covering nearly 5.6% of total area. The population of Auchenflower in 2011 was 5,351 people. By 2016 the population was 5,877 showing a population growth of 9.8% in the area during that time. The predominant age group in Auchenflower is 20-29 years. Households in Auchenflower are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Auchenflower work in a professional occupation. In 2011, 48.3% of the homes in Auchenflower were owner-occupied compared with 48.3% in 2016.

Auchenflower has 3,525 properties.

    There are currently 14 properties listed for sale, and 18 properties listed for rent in Auchenflower on OnTheHouse. According to CoreLogic's data, 142 properties were sold in the past 12 months in Auchenflower.

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