228 Cornwall Street

Stones Corner QLD 4120

Whilst presenting with reasonably basic finishes, the 1-bedroom, 1-bathroom units offer a solid, ready-made investment. Three residences are currently tenanted under periodic leases, with 2 vacant, offering buyers the flexibility to either immediately redevelop or continue generating income to minimise holding costs while plans for the site are undertaken.

Alternatively, consider a quick, low-cost refresh of the units to increase rental returns significantly and landbank the property for future redevelopment.

Either way, this address represents an unmissable opportunity in a popular urban locale that will continue to require new housing.

Conveniently positioned within walking distance of express CBD bus stops, Buranda train station and metres from CBD-bound bikeways, it boasts access onto the South East Freeway in just 2 minutes. Residents can stroll to cafes, restaurants, pubs, and shops, (including ALDI or Woolworths supermarkets), whilst being moments from the Langlands Park Swimming Pool, Easts Leagues Club and Coorparoo Square's lifestyle precinct with bars, cinemas and fine dining. The property offers swift access to major hospitals (Greenslopes, Princess Alexandra and Mater), as well as sporting events at the GABBA, is a short walk to local primary schools and falls within catchment of the new Brisbane South State Secondary College (Dutton Park's high-performance school linked to UQ).

*based on a recent rental appraisal with minimum housing standards improvements
** Subject to Brisbane City Council Approval

This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Please note the following when attending our open homes:
"The attendee acknowledges that at all times while attending the open home/inspection they do so at their own risk and that the attendee (and other people in the care and control of the attendee) will not hold the owner, agent or any of their employees, contractors or agents liable for any personal injury, death, loss, theft or damage to their personal property, whether caused by the negligence of the owner, agent, their employees, contractors or agents, howsoever caused."