FOR SALE
EXPRESSION OF INTEREST - Closing 3rd November 2024

Contact Agent For Address
Greenslopes QLD 4120

Bedrooms: 12
Bathrooms: 11
Car spaces: 3
Land area: 810m2
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810m2, LMR Site - With Substantial Holding Income

Expression of Interest - Now Closing 3rd of November 2024
A unique development opportunity within the Greenslopes area offering a substantial holding income at around $150,020 p/a with potential for uplift. Ideal for any investor seeking out a diverse investment as an exceptional edition to the property portfolio.
Two lots on one title with 810m2 of land and a 20m street frontage. Zoned Low medium density residential allow a mix of options for redevelopment. Currently comprising of 9x leased flats all with long term tenants and historically low vacancy rates, individually metered for electricity and NBN.
There is also an additional flat (total x10) which the owners use as a storage room, only further enhancing the overall yield potential this site has to offer.
• Double block, Zoned LMR
• 810m2 block with 20m street frontage and two lots on one title
• 10x 1bed & 2bed flats (9x currently leased and 1x as storage)
• Annual return of around $150,020 p/a or $2,885 per week. (Approx)
• Located in trendy, high-growth suburb with booming rental market
• Close to Greenslopes Busway, parks, public and private hospitals, plus Stones Corner and Annerley Shopping Precincts.
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Property Details for Contact Agent For Address, Greenslopes

Contact Agent For Address, Greenslopes is a 12 bedroom, 11 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 810m2. The place is currently for sale with Ray White Holland Park.

Building Type
BlockOfUnits
Land Size
810m2

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About Greenslopes 4120

The size of Greenslopes is approximately 2.5 square kilometres. It has 11 parks covering nearly 10.5% of total area. The population of Greenslopes in 2011 was 8,564 people. By 2016 the population was 8,939 showing a population growth of 4.4% in the area during that time. The predominant age group in Greenslopes is 20-29 years. Households in Greenslopes are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenslopes work in a professional occupation. In 2011, 42.5% of the homes in Greenslopes were owner-occupied compared with 40.8% in 2016.

Greenslopes has 4,696 properties. Over the last 5 years, Houses in Greenslopes have seen a 77.85% increase in median value, while Units have seen a 91.16% increase. As at 31 October 2024:

  • The median value for Houses in Greenslopes is $1,361,522 while the median value for Units is $704,441.
  • Houses have a median rent of $650 while Units have a median rent of $535.
There are currently 15 properties listed for sale, and 11 properties listed for rent in Greenslopes on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Greenslopes.

Suburb Insights for Greenslopes 4120

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Steve Landeta
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Ray White Holland Park
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.