12 Old Cleveland Road

Stones Corner QLD 4120

This mixed-use free-standing building presents 10 immaculate residential studio apartments spread across three levels, all with long-term tenants in place! On the top level, there is an outstanding, newly renovated three-bedroom Penthouse and a rooftop deck with outstanding panoramic views. There is a recently renovated office space on the street level with excellent, direct shop exposure and access to the bustling Old Cleveland Road. In addition, a large rooftop billboard brings in over $22,000 per year alone with a secure 5-year contract in place!

**Please note this property is being sold as a complete building, not individual apartments.

Other key features:

- Commercial use office on the ground floor
- Luxury Penthouse on top floor
- 10 immaculate and well maintained fully tenanted studio apartments
- Exceptional investment opportunity in a prime location
- Outstanding exposure for commercial use
- 6 secure carparks with rear carpark access from Alice Place
- Gross income currently returning approx $280,000 per annum
- Potential to further develop (subject to BCC approval)
- Large rooftop Digital Billboard bringing in extra, reliable income
- Short walk to Bus Terminal

Stones Corner is a high-density urban area with extraordinary development underway and, most importantly, surrounded by future flagged residential and commercial developments. It is a transport hub centre with one of Brisbane's best parks only a short walk away.
If you are looking towards the future, number 12 Old Cleveland Road is a blue-chip investment.

Area features:

- Hanlon Park - a short walk away
- Pacific Motorway - 1km
- Buranda train station - 800m
- Buranda Busway Station - 200m
- Stones Corner Shopping Precinct - with a plethora of shops, cafes, hotels and restaurants is at your door
- Buranda Village Shopping redevelopment - 1.7km

2032 Olympic Key Infrastructure:

- Gabba redevelopment 2.0km
- Cross River rail precinct - 3.0km
- Eagle Street Pier redevelopment - 5km

Please contact us for a full property brief and bank valuation. With an unbeatable, outstanding location, this opportunity will not last long!
This is truly a one-of-a-kind prime investment opportunity!

Contact Agents:

Annie Hayes
0402 859 467

Sandie-Leigh Edwards
0456 447 813