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.
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 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:
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