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72 Gillies Street
Zillmere QLD 4034

Bedrooms: 8
Bathrooms: 8
Car spaces: 4
Land area: 647m2
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BLUE CHIP INVESTMENT OPPORTUNITY - 4 MODERN TOWNHOUSES ON 1 TITLE SUPER CONVEN

Move fast as exceptional investment opportunities like this don't last long!
Built in 2010, this modern complex is situated on 647m2 of land and consists of 4 x 2 bedroom, 2 bathroom townhouses which are all well presented and have spacious floorplans. The property is located on a quiet inside street in an incredibly convenient position close to everything.
The complex has been built to a high standard with each unit comprising stone kitchen benchtops, quality fixtures and fittings and spacious and functional floorplans which make them very attractive and comfortable. Each townhouse also features a generous private courtyard and patio area, in addition to a secure single car garage with remote control door.
The complex is currently held on one title, however it has been constructed to easily enable the townhouses to be individually strata titled if desired.
The current rental return for the complex is $99,060 per annum, however there is significant opportunity to increase the return to market rent which is currently around $115,000 to $120,000 per annum.
The property benefits from an ultra-convenient location within easy reach of every required service and amenity. Taigum Square Shopping Centre is just 1.1kmm away and Zillmere Train Station (and adjoining retail precinct) is just 1km away. There are also numerous buses just around the corner which service the CBD and local area. Zillmere is just 13km north of Brisbane's CBD and is just 5 minutes drive from Westfield Chermside Shopping Centre (Queensland's largest shopping Centre) and provides easy access to the Brisbane Airport and Gateway Motorway. The location is also within easy reach of the Geebung/Virginia employment precinct and local parklands and sporting fields.
A summary document of lease profiles, rental income, expenses and market rent analysis can be provided on request.
To discuss this opportunity further or to arrange your inspection, please contract JOSHUA WATERS.

Property Details for 72 Gillies St, Zillmere

72 Gillies St, Zillmere is a 8 bedroom, 8 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 647m2. The place is currently for sale with LJ Hooker Aspley | Chermside.

Building Type
BlockOfUnits
Land Size
647m2

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About Zillmere 4034

The size of Zillmere is approximately 3.6 square kilometres. It has 9 parks covering nearly 12.6% of total area. The population of Zillmere in 2011 was 8,106 people. By 2016 the population was 8,951 showing a population growth of 10.4% in the area during that time. The predominant age group in Zillmere is 20-29 years. Households in Zillmere are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Zillmere work in a professional occupation. In 2011, 49.3% of the homes in Zillmere were owner-occupied compared with 42.2% in 2016.

Zillmere has 4,584 properties. Over the last 5 years, Houses in Zillmere have seen a 73.55% increase in median value, while Units have seen a 72.94% increase. As at 31 July 2024:

  • The median value for Houses in Zillmere is $807,235 while the median value for Units is $544,991.
  • Houses have a median rent of $580 while Units have a median rent of $525.
There are currently 29 properties listed for sale, and 10 properties listed for rent in Zillmere on OnTheHouse. According to CoreLogic's data, 213 properties were sold in the past 12 months in Zillmere.

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Joshua Waters
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LJ Hooker Aspley | Chermside
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