OFF MARKET

36/38 Khandalla Street
Upper Mount Gravatt QLD 4122

Bedrooms: 13
Bathrooms: 5
Car spaces: 3
Land area: 1852m2
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Property Details for 36/38 Khandalla St, Upper Mount Gravatt

36/38 Khandalla St, Upper Mount Gravatt is a 13 bedroom, 5 bathroom House with 3 parking spaces. The property has a land size of 1852m2.

Building Type
House
Land Size
1852m2
Local Government
Brisbane

Last Listing description (April 2019)

MASSIVE OPPORTUNITY: DEVELOP NOW OR LAND BANK UNTIL LATER
Presenting three blocks with corner access and DA approval for a big modern unit complex. This is a rare opportunity to get into the development market in the sought after suburb of Upper Mount Gravatt.
This package is the perfect investment for immediate developers or those who want to land bank for the future. All LARGE blocks have their own separate title and each with a house that's currently tenanted. This is a unique investment opportunity for all types of investors.

The DA has approved for a massive block of 58 units across 8 levels (consisting of both 2 and 3 bedroom units) to be built. With the position right and the DA already approved, you can start getting plans drawn up right away. This is a fantastic opportunity for developers seeking a fail-proof location to earn a huge potential profit from.
All three blocks are situated in a great location right behind Garden City, this spot is absolutely fantastic for a set of units. Just 1 minute walk to all the amenities you could imagine, including: the main bus station with, the massive newly extended Garden City Westfield, a huge food courts, grocery stores, cinemas etc...
All 3 properties have their own houses on them at the moment, and they are all separately tenanted. So if you want to wait until a later time to develop, this is the perfect situation because everything is already set up for you.
Astute investors and developers - this is an opportunity that only comes once in a lifetime. Call today and book your private inspection.
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
Development Site
1852m2
DA approved for 58 units
Close to Garden City Shopping Centre
Currently tenanted properties
Three blocks with corner access

Property History for 36/38 Khandalla St, Upper Mount Gravatt, QLD 4122

A timeline of how this property has performed in the market
  • 10 Jul 2018
    Listed for Sale BY NEGOTIATION
  • 26 May 2017
    Listed for Sale $3,800,000 Neg

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About Upper Mount Gravatt 4122

The size of Upper Mount Gravatt is approximately 4.3 square kilometres. It has 11 parks covering nearly 5.9% of total area. The population of Upper Mount Gravatt in 2011 was 8,852 people. By 2016 the population was 9,227 showing a population growth of 4.2% in the area during that time. The predominant age group in Upper Mount Gravatt is 20-29 years. Households in Upper Mount Gravatt are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Mount Gravatt work in a professional occupation. In 2011, 59.9% of the homes in Upper Mount Gravatt were owner-occupied compared with 56.2% in 2016.

Upper Mount Gravatt has 5,462 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 76.49% increase in median value, while Units have seen a 52.44% increase. As at 31 December 2024:

  • The median value for Houses in Upper Mount Gravatt is $1,110,741 while the median value for Units is $614,620.
  • Houses have a median rent of $650 while Units have a median rent of $643.
There are currently 30 properties listed for sale, and 25 properties listed for rent in Upper mount gravatt on OnTheHouse. According to CoreLogic's data, 257 properties were sold in the past 12 months in Upper mount gravatt.

Suburb Insights for Upper Mount Gravatt 4122

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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.