FOR SALE
Under Contract

Creek Road
Mount Gravatt East QLD 4122

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1250m2
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PRIME LOCATION -1250m2 DA APPROVED - MEDIUM DENSITY

MAKE NO MISTAKE AFTER A SIGNIFICANT CHANGE IN PERSONAL CIRCUMSTANCES THE CURRENT DEVELOPERS HAVE MADE THE DIFFICULT DECISION TO SELL THIS SIGNIFICANT HOLDING IN MOUNT GRAVATT EAST! THE PROPERTY MUST BE SOLD!
DESIGNED FOR NDIS IMPROVED LIVABLITY, SIGNIFICANTLY INCREASING RENTAL YIELDS!
With the Brisbane Olympics around the corner, this prime development site only 100m^ walk from Mt Gravatt Plaza will not last long. Set across two sites (85 & 89 Creek Road) with a combined total of 1250m2 of medium density in the heart of Mount Gravatt East.
This rare opportunity comes with an already approved DA for an apartment complex located in the heart of Mount Gravatt East. Once completed 17 new units made of up two and three bedroom units will be very appealing for future buyers with the convenient location, local schools and rear access to Mt Gravatt Plaza.
Summary of Features:
• DA approved for 17 new units
• 1250m2 of medium density zoning (up to 5 stories)
• Signed consent for stormwater connection
• 35.7m street frontage
• Back access to Mt Gravatt Plaza
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Property Details for 85-89 Creek Rd, Mount Gravatt East

Building Type
Land
Land Size
1250m2

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About Mount Gravatt East 4122

The size of Mount Gravatt East is approximately 4.6 square kilometres. It has 14 parks covering nearly 5.9% of total area. The population of Mount Gravatt East in 2011 was 10,891 people. By 2016 the population was 11,845 showing a population growth of 8.8% in the area during that time. The predominant age group in Mount Gravatt East is 30-39 years. Households in Mount Gravatt East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Gravatt East work in a professional occupation. In 2011, 61.3% of the homes in Mount Gravatt East were owner-occupied compared with 60.3% in 2016.

Mount Gravatt East has 5,456 properties. Over the last 5 years, Houses in Mount Gravatt East have seen a 74.40% increase in median value, while Units have seen a 68.19% increase. As at 30 November 2024:

  • The median value for Houses in Mount Gravatt East is $1,135,912 while the median value for Units is $703,844.
  • Houses have a median rent of $650 while Units have a median rent of $595.
There are currently 20 properties listed for sale, and 9 properties listed for rent in Mount gravatt east on OnTheHouse. According to CoreLogic's data, 228 properties were sold in the past 12 months in Mount gravatt east.

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