SOLD
RECENT ADVICE
Sold on 01 Dec 2023 for $45,000

154/28 Astor Terrace
Spring Hill QLD 4000

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 20m2
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Property Details for 154/28 Astor Tce, Spring Hill

Building Type
Land
Land Size
20m2
Local Government
Brisbane
Lot/Plan
154/BUP7733

Last Listing description (December 2023)

Consider this a unique investment opportunity - a car park for sale right in the heart of Brisbane's bustling CBD! Strategically located at 154/28 Astor Terrace, this highly prized possession sits comfortably on the top level, a perfect spot away from the city's bustling ground activity.

Currently, the owners are selling a single spot but are also open to negotiations for two car parks together. An investment that certainly offers flexibility and opportunity to increase your parking real estate footprint!

Key Financials

Body Corporate Fee: $256.95 per 6 months
Annual Rates: $268.90 per year
Location, Location, Location
Perfectly positioned, the car park is merely a 600m stroll away from the well-renowned Queen Street Mall and just 1.1km from Brisbane Grammar. Shopping, work, and education - you have it all within walking distance.

Current and Future Rental Potential
Presently, one car park is under lease for $270 per month, slightly below market value due to an arrangement with a friend. However, the realistic rental estimate for this prime spot is between $400 - $610 per month.

Embrace this opportunity to acquire a tangible asset with a steady income in one of the most vibrant and active areas of Brisbane City. Whether you're an investor looking for a reliable return or simply desiring a guaranteed spot in the city, this car park offering is not to be overlooked.

All serious offers will be considered, so feel free to get in touch to discuss this excellent opportunity. This could be the investment you've been waiting for!

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Property History for 154/28 Astor Tce, Spring Hill, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$45,000
01 Dec 2023
  • 15 Dec 2023
    Listed for Sale Not Disclosed
  • 30 Nov 2023
    Sold for $45,000
  • 10 Sep 2009
    Sold for $82,000
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About Spring Hill 4000

The size of Spring Hill is approximately 1.3 square kilometres. It has 7 parks covering nearly 19.6% of total area. The population of Spring Hill in 2011 was 5,258 people. By 2016 the population was 5,958 showing a population growth of 13.3% in the area during that time. The predominant age group in Spring Hill is 20-29 years. Households in Spring Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spring Hill work in a professional occupation. In 2011, 29.6% of the homes in Spring Hill were owner-occupied compared with 29.9% in 2016.

Spring Hill has 5,383 properties. Over the last 5 years, Houses in Spring Hill have seen a 53.65% increase in median value, while Units have seen a 57.93% increase. As at 31 October 2024:

  • The median value for Houses in Spring Hill is $1,519,596 while the median value for Units is $548,053.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 36 properties listed for sale, and 59 properties listed for rent in Spring hill on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in Spring hill.

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