4 Manson RoadHendra QLD 4011
Property Details for 4 Manson Rd, Hendra
4 Manson Rd, Hendra is a 4 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 632m2. While the property is not currently for sale or for rent, it was last sold in December 2023.
Last Listing description (December 2023)
Located in the heart of Hendra, a fantastic opportunity is being presented to savvy investors, developers, or owner occupiers. On offer is a prime 632m2 block of land with a multitude of potential options. Zoned Residential A - Multi Unit Dwelling this site has a proven income with three leases in place, currently returning $47,840 PA. It has an approximate frontage of 14.7 metres and a 42.9m depth.
If you are looking for an addition to your investment portfolio to set and forget, with the potential to redevelop in the future this is a rare opportunity for you. The property is surrounded by beautiful character family homes in one of Brisbane's best suburbs and is so close to all amenities. First home buyers could live in the front residence and rent the rear units out, investors could renovate to increase the rent and hold, whilst developers could look at building brand new townhouses at the rear and completely renovate the front home into a magnificent Queenslander which still has all of its original character features.
The current tenants are all very long standing tenants paying under market value. There is potential to increase rents and achieve good return on investment.
Current Format of Property:
*all units are on one title
Unit 1 (Queenslander House and front yard) - 2 bedroom + sun room, 1 bathroom, 1 car space, rented at $360pw ending 26/06/2024
Unit 2 - 1 bedroom, 1 bathroom, 1 car space, rented at $280pw ending 16/02/2024
Unit 3 - 1 bedroom, 1 bathroom, 1 car space, rented at $280pw ending 16/08/2024
Total income is approx $47,840 pa
The building is in good condition and low maintenance. The site is level, flood free and clean of services making any redevelopment of this site hassle free.
Hendra is conveniently located with close proximity to the Brisbane CBD and well serviced by major transport, bus and rail. The racecourse Road precinct, Brisbane Airport, Nundah Village and Westfield Chermside are all just a short drive away. Please call Narelle Lorensen on 0439 201 011 or Harleigh Harris on 0428 609 266 should you have any further questions.
Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Property History for 4 Manson Rd, Hendra, QLD 4011
- 19 Dec 2023Sold for $1,340,000
- 25 Oct 2023Listed for Sale $1,400,000
- 26 Nov 2018Listed for Rent $250 / week
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0About Hendra 4011
The size of Hendra is approximately 2.5 square kilometres. It has 5 parks covering nearly 2.7% of total area. The population of Hendra in 2011 was 4,416 people. By 2016 the population was 4,605 showing a population growth of 4.3% in the area during that time. The predominant age group in Hendra is 40-49 years. Households in Hendra are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hendra work in a professional occupation. In 2011, 69.5% of the homes in Hendra were owner-occupied compared with 72.1% in 2016.
Hendra has 2,237 properties. Over the last 5 years, Houses in Hendra have seen a 69.14% increase in median value, while Units have seen a 61.04% increase. As at 31 December 2024:
- The median value for Houses in Hendra is $1,825,413 while the median value for Units is $1,024,039.
- Houses have a median rent of $900 while Units have a median rent of $518.
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