Set Your Budget
Save your budget
This helps us curate better property matches for youSelect a budget
Set Your Budget
Save your budget
This helps us curate better property matches for youSelect a budget
Sold
Apartment
OPPORTUNITY TO PURCHASE 5 UNIT BLOCK ON 779SQM OF DC2 ZONED LAND
15 East Street, Lutwyche, QLD, 4030, Australia
7
5
5
779 m²
Nearest stations
Albion
837M (11 mins)
Wooloowin
1.0KM (13 mins)
Windsor
1.4KM (17 mins)
About this Property
Two storey brick unit block located in close proximity to Lutwyche Road and the newly renovated Lutwyche Shopping Centre approximately 6.5kms from Brisbane CBD. Lutwyche is going through significant gentrification with all the new infrastructure and proximity to the city..
The complex has been well maintained with secure long term tenants achieving the following in rent:
Ground Floor
Unit 1 - 1 bed, 1 bath and carport rented at $360 per week size 63sqm
Unit 2 - 1 bed, 1 bath and carport rented at $360 per week size 61sqm
Unit 3 - 1 bed, 1 bath and carport rented at $360 per week size 65sqm
First Floor
Unit 4 - 2 bed, 1 bath and carport rented at $450 per week size 92sqm
Unit 5 - 2 bed, 1 bath and carport rented at $450 per week size 93sqm
Total income per year is $102,960 less outgoings
The complex does not have a body corporate so the only outgoings are the rates ($480 per quarter per unit) and water rates ($237 per quarter per unit plus water usage) for the units.
The unit block is located at the front of the block with a rear five carport plus laundry facility - access to the carport via adjacent laneway. Opportunity to land bank the site for future development - subject to BCC approval to 5 stories or build further units or townhouses on the land available at the rear of the property where the carport is currently located.
Short stroll to Lutwyche Shopping Centre, gyms and fitness centres.
Approx 6.5kms to Brisbane City and easy access to bus services into the City.
The complex has been well maintained with secure long term tenants achieving the following in rent:
Ground Floor
Unit 1 - 1 bed, 1 bath and carport rented at $360 per week size 63sqm
Unit 2 - 1 bed, 1 bath and carport rented at $360 per week size 61sqm
Unit 3 - 1 bed, 1 bath and carport rented at $360 per week size 65sqm
First Floor
Unit 4 - 2 bed, 1 bath and carport rented at $450 per week size 92sqm
Unit 5 - 2 bed, 1 bath and carport rented at $450 per week size 93sqm
Total income per year is $102,960 less outgoings
The complex does not have a body corporate so the only outgoings are the rates ($480 per quarter per unit) and water rates ($237 per quarter per unit plus water usage) for the units.
The unit block is located at the front of the block with a rear five carport plus laundry facility - access to the carport via adjacent laneway. Opportunity to land bank the site for future development - subject to BCC approval to 5 stories or build further units or townhouses on the land available at the rear of the property where the carport is currently located.
Short stroll to Lutwyche Shopping Centre, gyms and fitness centres.
Approx 6.5kms to Brisbane City and easy access to bus services into the City.
Gallery
Book an Inspection Time
Request for Inspection
Message the agent to request for an on-site or a virtual livecast property inspection
Sarah Banachak
Priority Properties Pty Ltd
+ 61 0431 418 575
Download the mobile app to get instant updates
Calculate your home loan repayments
Download the mobile app to get instant updates
More Details on 15 East Street, Lutwyche QLD
How many bedrooms and bathrooms does 15 East Street, Lutwyche have?
15 East Street, Lutwyche is a 7 bedroom, 5 bathroom apartment.
Who is the agency that listed 15 East Street, Lutwyche?
The agency who listed 15 East Street, Lutwyche is Priority Properties Pty Ltd - you can contact the agents here.
How many car spots does 15 East Street, Lutwyche have?
15 East Street, Lutwyche is a 5 car spot home.
How much is 15 East Street, Lutwyche?
The price of 15 East Street, Lutwyche is OPPORTUNITY TO PURCHASE 5 UNIT BLOCK ON 779SQM OF DC2 ZONED LAND - contact the agents to find out more.