SOLD by CAMERON RICE | 0408 885 251
- | 1-4/74 Longlands Street, East Brisbane | -
Positioned on a 607sqm parcel of prime land in sought-after East Brisbane, this rare block of four units offers an exceptional opportunity for investors and future developers alike.
Perfectly located just moments from Brisbane's iconic Gabba Stadium - only 650 metres away - and directly opposite a local community park, this property combines lifestyle appeal with outstanding convenience. Brisbane's CBD is just a 7-minute drive or a 20-minute bus ride, making it highly attractive to tenants and owner-occupiers.
The complex comprises of four dwellings with separately metered electricity, all currently tenanted by long-term occupants and generating a combined rental income of approximately $96,000 per year. We have an updated rental appraisal at roughly $108,000 per year. Each unit includes a designated undercover carport and 1–2 private entry points, ensuring practicality and privacy.
While the property remains largely in original condition, the bathroom in unit 1 has had a complete renovation and remodeling. By undertaking moderate updates to the remainder of the building, this property offers the opportunity to elevate rental returns and unlock its full investment potential. With the Brisbane 2032 Olympics on the horizon, this is the ideal time to invest in a location poised for continued growth and development.
For those considering redevelopment, the property is zoned LMR2 (Low–Medium Density Residential – 2 or 3 storey mix), offering future potential to build at the rear, replace the existing dwelling, or redevelop the entire site (STCA). We recommend consulting Brisbane City Council and a qualified town planner regarding development opportunities and approval processes.
This is a golden opportunity to secure a blue-chip holding in one of Brisbane's fastest-growing inner-city suburbs.
Call Cam now to discuss your further interest!
Disclaimer:
All information contained within this website is gathered from sources we believe to be reliable. Stone Real Estate cannot, however, guarantee its accuracy and accepts no responsibility for such. Interested parties should make and rely on their own enquiries.
