88 Invermore St, Mount Gravatt East is a 19 bedroom, 10 bathroom Unit with 18 parking spaces. The property has a land size of 2233m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Presenting an excellent investment or development opportunity is this entire block of 9 freehold townhouses boasting endless potential and solid rental returns. The block of neat and tidy townhouses can be strata titled to sell individually or re-developed.
The low-maintenance residences (mix of 2 and 3-level) all feature their own yards, double lock-up garages and access to 2 visitor car spaces.
Offering strong annual returns of $206,440, the property boasts the potential for rent increases and returns of $232,700 per year.
Townhouse 1: 2 bed, 1 bath, 2 car (rent $355 p/w, potential rent $480 p/w)
Townhouse 2: 2 bed, 1 bath, 2 car (rent $450 p/w, potential rent $485 p/w)
Townhouse 3: 2 bed, 1 bath, 2 car (rent $440 p/w, potential rent $485 p/w)
Townhouse 4: 2 bed, 1 bath, 2 car (rent $435 p/w, potential rent $480 p/w)
Townhouse 5: 2 bed, 1 bath, 2 car (rent $435 p/w, potential rent $500 p/w)
Townhouse 6: 2 bed, 1 bath, 2 car (rent $435 p/w, potential rent $500 p/w)
Townhouse 7: 2 bed, 1 bath, 2 car (rent $450 p/w, potential rent $500 p/w)
Townhouse 8: 2 bed, 1 bath, 2 car (rent $445 p/w, potential rent $500 p/w)
Townhouse 9: 3 bed, 2 bath, 2 car (rent $525 p/w, potential rent $535 p/w)
Situated on 2233sqm surrounded by multiple million-dollar properties in Mount Gravatt East, there is a great opportunity to capitalise on the land and position. With the option to knockdown the existing dwelling and subdivide/rebuild multiple new properties, the potential in endless (STCA).
A prime piece of real estate, this complex is walking distance from Mt Gravatt Homemaker Centre, Mt Gravatt Plaza, Central Fair, and 8 minutes from Westfield Mt Gravatt. Parks, reserves, bus stops and cafes are steps away. Close to a great selection of local and private schools, childcare, TAFE and Griffith University. 11 minutes to Greenslopes Private Hospital, 14 minutes to the PA Hospital, 12 minutes to The Gabba and 17 minutes to the CBD.
An outstanding opportunity with unlimited potential enquire now.
The size of Mount Gravatt East is approximately 4.6 square kilometres. It has 14 parks covering nearly 5.9% of total area. The population of Mount Gravatt East in 2011 was 10,891 people. By 2016 the population was 11,845 showing a population growth of 8.8% in the area during that time. The predominant age group in Mount Gravatt East is 30-39 years. Households in Mount Gravatt East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Gravatt East work in a professional occupation. In 2011, 61.3% of the homes in Mount Gravatt East were owner-occupied compared with 60.3% in 2016.
Mount Gravatt East has 5,452 properties.
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