5/16 Hertford Street

Upper Mount Gravatt QLD 4122

As you can tell from the photos, townhouse 5 does need a lot of work. This is where the opportunity exists for you. You can wait for the lease to end and renovate it, negotiate with the tenants to vacate early or buy and hold, knowing that the value will increase.

The townhouse needs a total renovation. The good news is that the owners have taken this into consideration with the pricing of "Offers Over $460,000".

I have sold a number of townhouses in this complex -

Townhouse 11 sold for $494,500 on 05/5/21. This was partially renovated
Townhouse 13 sold for $508,500 on 21/5/21. This was renovated
Townhouse 6 (next door) sold for $535,000 on 20/5/21

People love buying in the Mt Gravatt Gardens complex as it is a gated community with good amenities. The complex is nicely situated near transport / Garden City / the M1 and is close to Logan Rd

The townhouse is tenanted presently. The lease ends on the 11th of October, 2021. The tenants pay $420pw.


The Body Corporate rates are circa $672.33. A copy of the Disclosure Statement can be sent to you upon request.

Brisbane City Council rates are circa $415.96 per quarter

Townhouse 5 does not have any encumbrances on the Title.

Please come along and view this townhouse for yourself.
The townhouse is available to be viewed preferably at the Open House Inspection on Saturday. Other times may be able to agreed upon with the tenants.

Thank you