OFF MARKET

88 Invermore Street
Mount Gravatt East QLD 4122

Bedrooms: 19
Bathrooms: 10
Car spaces: 18
Land area: 2233m2
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Property Details for 88 Invermore St, Mount Gravatt East

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.

Building Type
Unit
Land Size
2233m2
Local Government
Brisbane
Lot/Plan
2/RP96083

Last Listing description (January 2023)

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.

Property History for 88 Invermore St, Mount Gravatt East, QLD 4122

A timeline of how this property has performed in the market
Last Sold
$3,725,000
21 Nov 2022
Listed for Rent
$350/w
14 Feb 2009
  • 21 Nov 2022
    Sold for $3,725,000
  • 11 Oct 2022
    Listed for Sale Under Contract
  • 25 Nov 2021
    Listed for Sale Sale By Negotiation
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About Mount Gravatt East 4122

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.

    There are currently 42 properties listed for sale, and 19 properties listed for rent in Mount gravatt east on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in Mount gravatt east.

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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.