11 Grasspan StreetZillmere QLD 4034
Property Details for 11 Grasspan St, Zillmere
11 Grasspan St, Zillmere is a 12 bedroom, 6 bathroom Unit with 7 parking spaces and was built in 1980. The property has a land size of 860m2 and floor size of 246m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (September 2022)
This is a magnificent opportunity for an astute investor to purchase an entire block of fully leased flats and benefit from an annual income of $91,780 and exceptional long term growth potential!
Situated on a large 860m2 block of land, the property is improved with 6 x 2 bedroom, 1 bathroom flats. The land is also zoned Low-Medium Density Residential (2-3 storeys) and provides fantastic potential to take advantage of the high holding income in the short term and develop further in the long term (STCA).
The property benefits from an ultra-convenient location within walking distance of Zillmere Train Station, City Express Bus Stops and Zillmere's retail precinct. Zillmere is just 13km north of Brisbane's CBD and is just 5 minutes drive from Westfield Chermside Shopping Centre (Queensland's largest shopping Centre) and provides easy access to the Brisbane Airport and Gateway Motorway.
Key Features:
* All Flats are fully leased, have undergone refurbishment over recent years and present to a good standard making them extremely easy to rent.
* Flat 6 (located on the ground floor) is one of the most recently renovated, is double in size and would be perfect for an onsite owner/manager. Flat 6 also benefits from an exclusive courtyard.
* Each flat has a generous single lock up garage, with Flat 6 having its own internal access direct from its garage.
* There is a shared laundry for Flats 1-4 and Flats 5 & 6 have their own laundry.
* There is a large storage room on the ground floor - perfect for owner/maintenance equipment storage
* No body corporate fees
Outgoings for the year are:
* Council Rates: $4,911.40 (approx.)
* Water Rates: $4,000.00 (approx..)
* Insurance: $2,666.76 (approx..)
A summary document of lease profiles, rental income and expenses can be provided on request.
Opportunities like this don't last long! Call today to organise an inspection.
Property History for 11 Grasspan St, Zillmere, QLD 4034
- 01 Jul 2021Sold for $1,550,000
- 09 Jun 2021Listed for Sale Expressions Of Interest
- 05 Feb 2019Listed for Sale Submit Offers
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About Zillmere 4034
The size of Zillmere is approximately 3.6 square kilometres. It has 9 parks covering nearly 12.6% of total area. The population of Zillmere in 2011 was 8,106 people. By 2016 the population was 8,951 showing a population growth of 10.4% in the area during that time. The predominant age group in Zillmere is 20-29 years. Households in Zillmere are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Zillmere work in a professional occupation. In 2011, 49.3% of the homes in Zillmere were owner-occupied compared with 42.2% in 2016.
Zillmere has 4,567 properties. Over the last 5 years, Houses in Zillmere have seen a 92.19% increase in median value, while Units have seen a 79.69% increase. As at 31 October 2024:
- The median value for Houses in Zillmere is $849,730 while the median value for Units is $583,561.
- Houses have a median rent of $583 while Units have a median rent of $525.
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