What a rare opportunity for an Investor/Developer to capitalise on this golden location in the heart of Macgregor / Upper Mt. Gravatt precinct. The site is composed of a commercial property and 3 residential properties, all of which are tenanted generating an excellent return of over $300,000 per annum will cover all your holding costs and more, making this deal a no-brainer! The following is what makes this deal so rare - Rental income of over $300,000 per annum - D.A. Approved for 66 units in 2 blocks. - Block 01 = 63 Apartments (Mix = 21 x 1 Bed, 42 x 2 Bed). - Block 02 = 3 Town homes. - Rear cul-de-sac access Location - - Next to Park and Ride to City - 100m to MacGregor High School, walking distance from MacGregor Primary - Walking distance from Garden City, Griffith University, Commercial and Light Industry - Easy access to Buses, Freeways and other transport modes. Call the agent to express your interest and for more information. This diamond deal won't be on the market for long!! Disclaimer - All information 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. Above requires the buyer's own due diligence & subject to council approval.