OFF MARKET

10 Pear Street
Greenslopes QLD 4120

Bedrooms: 12
Bathrooms: 11
Car spaces: 3
Land area: 810m2
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Property Details for 10 Pear St, Greenslopes

10 Pear St, Greenslopes is a 12 bedroom, 11 bathroom Unit with 3 parking spaces. The property has a land size of 810m2. While the property is not currently for sale or for rent, it was last sold in September 2020.

Building Type
Unit
Land Size
810m2
Local Government
Brisbane
Lot/Plan
126/RP12933

Last Listing description (November 2024)

Expression of Interest - Now Closing 3rd of November 2024

A unique development opportunity within the Greenslopes area offering a substantial holding income at around $150,020 p/a with potential for uplift. Ideal for any investor seeking out a diverse investment as an exceptional edition to the property portfolio.

Two lots on one title with 810m2 of land and a 20m street frontage. Zoned Low medium density residential allow a mix of options for redevelopment. Currently comprising of 9x leased flats all with long term tenants and historically low vacancy rates, individually metered for electricity and NBN.

There is also an additional flat (total x10) which the owners use as a storage room, only further enhancing the overall yield potential this site has to offer.

? Double block, Zoned LMR
? 810m2 block with 20m street frontage and two lots on one title
? 10x 1bed & 2bed flats (9x currently leased and 1x as storage)
? Annual return of around $150,020 p/a or $2,885 per week. (Approx)
? Located in trendy, high-growth suburb with booming rental market
? Close to Greenslopes Busway, parks, public and private hospitals, plus Stones Corner and Annerley Shopping Precincts.

Just 5km from the CBD or only a few minutes' walk to the Greenslopes Bus way with both in bound and out bound access. Plenty of local amenity options including the Greenslopes Mall, Hospitals, parks, bike ways, Schools, and stones corner precincts, while also offering quick and easy access to the South-East Freeway.

Unit 1 - 2bed 1bath - Rent $340 p/w - Lease April 2025
Unit 2 - 1bed 1bath - Rent $325 p/w - Lease Feb 2025
Unit 3 - 2bed 2bath - Rent $340 p/w - Lease April 2025
Unit 4 - 1bed 1bath - Rent $320 p/w - Lease March 2025
Unit 5 - 1bed 1bath - Rent $315 p/w - Lease August 2025
Unit 6 - 1bed 1bath - Rent $310 p/w - Lease March 2025
Unit 7 - 1bed 1bath - Rent $325 p/w - Lease Feb 2025
Unit 8 - 1bed 1bath - Rent $285 p/w - Lease Feb 2025
Unit 9 - 1bed 1bath - Rent $325 p/w - Lease March 2025
TOTAL - $2,885 per week.

? Rates $2,225 -P/Q
? Utilities $2,300 - P/Q

For more information or to book an inspection of the property please call Steve Landeta

Disclaimer: While preparing this information we have used our best endeavors to ensure that the following information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein.

Property History for 10 Pear St, Greenslopes, QLD 4120

A timeline of how this property has performed in the market
Last Sold
$1,240,000
23 Sep 2020
Listed for Rent
$255/w
17 May 2014
  • 08 Oct 2024
    Listed for Sale UNDER OFFER..
  • 23 Sep 2020
    Sold for $1,240,000
  • 02 Jul 2020
    Listed for Rent $240 / week
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About Greenslopes 4120

The size of Greenslopes is approximately 2.5 square kilometres. It has 11 parks covering nearly 10.5% of total area. The population of Greenslopes in 2011 was 8,564 people. By 2016 the population was 8,939 showing a population growth of 4.4% in the area during that time. The predominant age group in Greenslopes is 20-29 years. Households in Greenslopes are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenslopes work in a professional occupation. In 2011, 42.5% of the homes in Greenslopes were owner-occupied compared with 40.8% in 2016.

Greenslopes has 4,689 properties. Over the last 5 years, Houses in Greenslopes have seen a 77.85% increase in median value, while Units have seen a 91.16% increase. As at 31 October 2024:

  • The median value for Houses in Greenslopes is $1,361,522 while the median value for Units is $704,441.
  • Houses have a median rent of $650 while Units have a median rent of $535.
There are currently 14 properties listed for sale, and 11 properties listed for rent in Greenslopes on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Greenslopes.

Suburb Insights for Greenslopes 4120

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.