60 Cremin St, Upper Mount Gravatt is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 855m2 and floor size of 855m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Team Warren presents this amazing opportunity for an investor or a developer. You can't go wrong with this brilliant location, whether you choose to hold for future capital growth, or intend to develop in this area.
Property is in Medium Density zoning. It contains 2 individually rented flats at $280/wk and $290/wk.
Total rental from both units = $29,640 per year
FEATURES -
- 855m2of Medium density zoning level and clear block with duplex units
- 2 units provide excellent rental income of $29,640 per year for the investors with high capital growth potential.
- Right in the heart of Upper Mount Gravatt area, walk to schools, social clubs & commercial businesses plus a short walk to Garden City. Thriving precinct with a record growth rate and a high rental demand and yield.
- 2 minutes' walk to the south-east's largest Westfield Garden City shopping centre, local shopping, multiple eateries & entertainment options.
- Buses are right at your doorstep on Logan rd and the garden city bus interchange. Just a few minutes' drive to TAFE, Hospitals and Universities.
- Easy access to the Pacific Motorway both north and south, with Brisbane CBD being just 9kms minutes away. Minutes away from the Gateway motorway that provides fast access to the Brisbane Airport.
- Sunnybank's Chinatown and Asian community is only 5 minutes' drive away and is a hugely popular destination for dining and shopping.
Being a QLD Registered Architect, Warren and his team specialise in marketing development sites. Hence, we can also assist the buyers by pointing them in the right direction for preliminary Architectural, feasibility and planning advice. We are also able to assist buyers with contacts who are able to provide researched feedback to help you get your next project started.
This property won't last long. Please call or email the team if you need more info.
This is an opportunity not to be missed.
Disclaimer - All information and suggested development options contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approvals.
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 5,470 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 76.56% increase in median value, while Units have seen a 58.07% increase. As at 30 September 2024:
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