Sold for $1,755,000
Sold for $1,755,00016 Denman Street, Greenslopes QLD 4120
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Property was sold on 10 July 2021.
Sold on 10 July 2021.
7 beds
4 baths
4 cars
Block of Units
809m²
7
4
4
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Block of Units
809m²
Auction Location: On-Site Featuring a prime position in the Greenslopes shopping and hospital precinct, this complex of four units on an elevated 809sqm presents an excellent investment and development opportunity. Just metres from transport, Greenslopes Mall and Greenslopes Private Hospital, there is endless potential to redevelop the site and build multiple new residences with city views.* Alternatively, landbank and reap the rewards of this spectacular setting only 7klms from the CBD. Ideal for investors or your superannuation, these units feature no Body Corporate fees and high returns. Additional property highlights: - 4x units featuring varying floor plans with original and updated interiors - Unit 1 currently leased $270p/wk – living area, kitchen, bathroom and two bedrooms - Unit 2 currently leased $260p/wk – living area, kitchen, bathroom and one bedroom - Unit 3 currently leased $280p/wk – living area, kitchen, bathroom and one bedroom - Unit 4 currently leased $395p/wk – living area, kitchen, bathroom with a separate toilet, three bedrooms and an exclusive ground floor rumpus - The ground floor also includes a common area, storeroom and laundries - 4x garages, each accommodating up to two vehicles - Annual Gross Income $62,660 with scope to significantly improve. Council Rates $1,541.13 per qtr excl. sewer/water Presenting exceptional lifestyle convenience and a walk-to-everything lifestyle, these units are less than 500m from cafes, Greenslopes Mall and Greenslopes Private Hospital. Serviced by local buses and the SE Busway, you are also just a short walk from Greenslopes State School, Thompson Estate Reserve and Stones Corner Village. Moments from renowned private schools, including Loreto, Villanova and Our Lady of Mt Carmel, and only 10 minutes to the CBD – this property offers outstanding investment and development potential. *Subject to council approval. Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.