FOR SALE
$5,025,000

37 Ahern Street
Labrador QLD 4215

Bedrooms: 15
Bathrooms: 12
Car spaces: 10
Land area: 1416m2
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Block of units + 2 storey house on 1,419m² block

BIG BROADWATER BLOCK + HOLDING INCOME!
11 Properties on one title! Land Bank Me! Golden Opportunity with 8x 1 bed units, 2x 2 bed units, and an adjoining huge 2 story house.
Some units have lock up garages, some have carports.
Returning $3500/w but this is grossly undervalued as its possible the rental return would be around $5,000/w.
Situated in Labrador and only 50 meters walk to the Broadwater and all its magnificent facilities walking tracks, play grounds, cafe and restaurants, fishing, boating facilities, Pelican feeding plus much more.
The Redevelopment potential is enormous situated on 1,419m² of RD5 medium density land.
All properties are on 1 title with the rates only being $5,000 per year approx. Expenses are low and potential is high!
Properties are in great condition inside + out overlooking a beautiful garden and BBQ area.
Lock in this superb opportunity with your Labrador expert, Robby Davey.
Disclaimer: Whilst all care and attention has been taken to ensure that the information contained in the above advertisement is true and correct at the time of publication, Farr Real Estate gives no warranty or assurance and makes no representation as to the accuracy or reliability of the information contained. It is advised that any prospective purchaser make their own enquiries and/or inspection prior to purchase.

Property Details for 37 Ahern St, Labrador

37 Ahern St, Labrador is a 15 bedroom, 12 bathroom BlockOfUnits with 10 parking spaces. The property has a land size of 1416m2. The place is currently for sale with Farr Partners PTY LTD - RUNAWAY BAY.

Building Type
BlockOfUnits
Land Size
1416m2

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About Labrador 4215

The size of Labrador is approximately 5 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Labrador in 2011 was 16,401 people. By 2016 the population was 18,277 showing a population growth of 11.4% in the area during that time. The predominant age group in Labrador is 20-29 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation. In 2011, 46.2% of the homes in Labrador were owner-occupied compared with 45.1% in 2016.

Labrador has 11,910 properties. Over the last 5 years, Houses in Labrador have seen a 111.16% increase in median value, while Units have seen a 101.17% increase. As at 30 November 2024:

  • The median value for Houses in Labrador is $1,092,582 while the median value for Units is $701,716.
  • Houses have a median rent of $680 while Units have a median rent of $630.
There are currently 103 properties listed for sale, and 33 properties listed for rent in Labrador on OnTheHouse. According to CoreLogic's data, 574 properties were sold in the past 12 months in Labrador.

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Robby Davey
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Farr Partners PTY LTD - RUNAWAY BAY
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