29 Raffles StreetMount Gravatt East QLD 4122
Property Details for Lot 100/29 Raffles St, Mount Gravatt East
Lot 100/29 Raffles St, Mount Gravatt East is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 1028m2.
Last Listing description (November 2022)
Situated in highly sought-after Mount Gravatt East; this incredibly stylish building is only 4 years old. With stunning views of Mount Gravatt Mountain, this contemporary boutique complex of 21 and is designed to complement our relaxed Queensland lifestyle. With a strong rental return, and due to not having body corporate finalised, has incredibly low outgoings, this is a an unbelievable earner.
Situated on a prime 1191m2 block with an elevated position, it has commanding views to the South, West and stunning Eastern mountain-views for the rear units. This is a once in a lifetime opportunity to build a significant portfolio without the costs and time associated with doing a development from start to finish.
Only 4 years old and spanning 4 levels, the property features 21 individually tenanted 2 bed units, 14 with 2 baths (main + ensuite), and 7 with 1 bath (main + water closet ensuite). For a total of 42 beds, 35 baths, 7 water closets ensuites, 21 allocated car spaces, plus additional visitor and handicapped parking.
*Photos and Floorplan are of Unit 20 as at 13/03/2022.
*Full unit configuration and list of income and outgoings available upon request.
**** allows only 30 bedrooms and 20 bathrooms maximum to be advertised. Note that the property features a total of 42 bedrooms, 35 bathrooms, plus 7 water closet ensuites.
Features include:
Entire complex consisting of 21 apartments across 4 levels on 1191m2
Only 4 years old
Elevated Position with Stunning Mountain Views
42 bed, 35 bath, 7 water closet ensuites, and 21 car in total
Gross rental income: $425,880 per annum
3 visitor parking spaces plus 2 disabled spaces
Mount Gravatt East is only 8km from Brisbane's CBD and is surrounded by some of Brisbane's top schools. This property is in handy proximity to Mt Gravatt Plaza and Mt Gravatt Central, as well as having multiple bus routes within close proximity.
https://www.reval.com.au/29-raffles-street-mount-gravatt-east-qld-4122
*All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Property History for Lot 100/29 Raffles St, Mount Gravatt East, QLD 4122
- 05 Apr 2022Listed for Rent $430 / week
- 16 Mar 2022Listed for Sale Expressions of Interest
- 07 Feb 2022Listed for Rent $430 / week
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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.
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