12 Smallman St, Bulimba is a 7 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
First time offered in 34 years, 12 Smallman Street, Bulimba offers a rare and exciting array of attributes which make it simply unique. Located literally in the heart of Bulimba just 1 door from vibrant Oxford Street, this superb location not only provides enviable convenience and life-style, it also presents multiple redevelopment or leverage options.
The 809m2 with a Development Zone LMR2 (Low-Medium Density Residential 2 or 3 Storey mix) is underutilised. The flats may be able to be Strata titled (subject to Council approvals) and the returns could be increased with relatively minor upgrades.
Comprising 2 x 2 bed & 3 x 1 bed flats, each with lock up garage, occupancy in this hot location is never a problem. All flats are well maintained and are showing a current annual return of $86,320 per annum.
With Oxford Street at your doorstep the treasure trove of Bulimba is all within an easy walk;
Boutique Cinema Complex, a sensational selection of cafes, bars, and fooderies, a comprehensive business district, medical centre, fitness and specialty retail stores;
Excellent local private and public schools (from Pre to Secondary);
Fabulous parklands, river walks and a golf course;
Bus and city cat service;
Short drive to the CBD, Gateway motorway and the airport.
FOR SALE BY TENDER CLOSING 5:00PM ON WEDNESDAY, 3 NOVEMBER 2021.
INFORMATION MEMORANDUM AVAILABLE ON REQUEST.
For all enquiries, please contact Maryanne Birch on 0418 123 400 or maryanne@maryannebirch.com.au
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The size of Bulimba is approximately 2.9 square kilometres. It has 9 parks covering nearly 8.4% of total area. The population of Bulimba in 2011 was 5,940 people. By 2016 the population was 6,842 showing a population growth of 15.2% in the area during that time. The predominant age group in Bulimba is 30-39 years. Households in Bulimba are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bulimba work in a professional occupation. In 2011, 56.1% of the homes in Bulimba were owner-occupied compared with 56% in 2016.
Bulimba has 4,150 properties. Over the last 5 years, Houses in Bulimba have seen a 62.08% increase in median value, while Units have seen a 64.92% increase. As at 31 October 2024:
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