17 Geelong St, East Brisbane is a 9 bedroom, 5 bathroom Unit. The property has a land size of 707m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 9 bedroom Unit sold in East Brisbane in the last 12 months.
A prime inner-city development opportunity where the groundwork has already been set in place. This 707sq m property, minutes from the CBD and a short walk from a CityCat, is currently occupied by a post-war complex of four strata titled apartments delivering a total rental income of $98,280 per annum. A preliminary town planning report notes it's appropriately zoned, located and of sufficient size to allow for a number of redevelopment opportunities. Beautifully positioned close to the Gabba, major hospitals and excellent schools including Churchie.
* 707sq m inner-city property with post-war brick complex of four apartments
* Strata titled apartments currently generating total $1890/week rental income
Outgoings:
Rates - Approx. $480 per quarter, per unit
Insurance - Approx. $3500 per year
Water - Approx. $395 per quarter, per unit
The size of East Brisbane is approximately 2 square kilometres. It has 10 parks covering nearly 8.6% of total area. The population of East Brisbane in 2011 was 5,598 people. By 2016 the population was 5,932 showing a population growth of 6.0% in the area during that time. The predominant age group in East Brisbane is 20-29 years. Households in East Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Brisbane work in a professional occupation. In 2011, 44.7% of the homes in East Brisbane were owner-occupied compared with 40.7% in 2016.
East Brisbane has 3,794 properties.
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