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4 Rainworth Road,
Bardon 4065, Queensland
For Sale
Property details
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A Rare Bardon Unicorn - Nine Flats, Substantial Income & 1,255m2; of Opportunity
Some properties offer income. Others offer land and future potential.
At 4 Rainworth Road, Bardon, the opportunity brings all three together.
Occupying a substantial 1,255m2; allotment with an impressive frontage of over 30 metres, this collection of nine flats presents a rare foothold in Brisbane's sought-after inner west, close to the village lifestyle of Rosalie.
Comprising eight one-bedroom apartments and one two-bedroom apartments, the property currently generates approximately $140,000 per annum in rental income, with projected annual income of $193,000 Established long-term tenants and fixed-term leases underpin the existing income stream, creating an appealing proposition for investors seeking immediate returns alongside long-term potential.
The landholding adds another compelling dimension. Its generous proportions and broad frontage offer scope to explore future improvements or development, subject to council approval. Retain the existing investment, investigate opportunities to enhance rental returns, or consider the longer-term possibilities of this substantial Bardon address.
Positioned to enjoy Rosalie Village's cafes, restaurants and neighbourhood atmosphere, together with Bardon's local shops, green spaces and everyday conveniences, the property combines investment appeal with the lifestyle tenants value.
• Substantial 1,255m2; allotment with frontage exceeding 30 metres.
• Nine flats comprising eight one-bedroom and one two-bedroom apartments.
• Current rental income of approximately $140,000 per annum.
• Projected rental income of approximately $193,000 per annum.
• Established long-term tenants and fixed-term leases.
• Opportunity to enhance the existing investment and explore future development, subject to council approval.
• Convenient access to Rosalie Village, Bardon amenities and Paddington's dining and shopping precincts.
Income today. Land for the future. A rare opportunity to secure both in a tightly held inner-west location.
At 4 Rainworth Road, Bardon, the opportunity brings all three together.
Occupying a substantial 1,255m2; allotment with an impressive frontage of over 30 metres, this collection of nine flats presents a rare foothold in Brisbane's sought-after inner west, close to the village lifestyle of Rosalie.
Comprising eight one-bedroom apartments and one two-bedroom apartments, the property currently generates approximately $140,000 per annum in rental income, with projected annual income of $193,000 Established long-term tenants and fixed-term leases underpin the existing income stream, creating an appealing proposition for investors seeking immediate returns alongside long-term potential.
The landholding adds another compelling dimension. Its generous proportions and broad frontage offer scope to explore future improvements or development, subject to council approval. Retain the existing investment, investigate opportunities to enhance rental returns, or consider the longer-term possibilities of this substantial Bardon address.
Positioned to enjoy Rosalie Village's cafes, restaurants and neighbourhood atmosphere, together with Bardon's local shops, green spaces and everyday conveniences, the property combines investment appeal with the lifestyle tenants value.
• Substantial 1,255m2; allotment with frontage exceeding 30 metres.
• Nine flats comprising eight one-bedroom and one two-bedroom apartments.
• Current rental income of approximately $140,000 per annum.
• Projected rental income of approximately $193,000 per annum.
• Established long-term tenants and fixed-term leases.
• Opportunity to enhance the existing investment and explore future development, subject to council approval.
• Convenient access to Rosalie Village, Bardon amenities and Paddington's dining and shopping precincts.
Income today. Land for the future. A rare opportunity to secure both in a tightly held inner-west location.
Inspections
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School catchments
- Rainworth State School Primary Prep-6 Government 0.66km
- Milton State School Primary Prep-6 Government 0.71km
- St Joseph's School Primary Prep-6 Catholic 1.4km
- Hubbard's School Secondary 11-12 Independent 1.6km
- Hubbard's School Secondary Independent 1.6km
- Ithaca Creek State School Primary Prep-6 Government 1.6km
- Toowong State School Primary Prep-6 Government 1.8km
- Stuartholme School Combined 5-12 Catholic 1.8km
- Petrie Terrace State School Primary Prep-6 Government 1.9km
- Arethusa College - West End Campus Secondary Independent 2.0km
- Bardon State School Primary Prep-6 Government 2.0km
- Omni Academies of Learning Secondary 7-9 Independent 2.1km
- St Finbarr's School Primary Prep-6 Catholic 2.2km
- West End State School Primary Prep-6 Government 2.3km
- St Ignatius School Primary Prep-6 Catholic 2.3km
- Brisbane Boys' College Combined Prep-12 Independent 2.4km
- Mt St Michael's College Combined 5-12 Catholic 2.4km
- Compass Independent School Combined Prep-7 Independent 2.4km
- Ashgrove State School Primary Prep-6 Government 2.5km
- Queensland Academy for Science Mathematics and Technology Secondary 7-12 Government 2.6km
- Brisbane Grammar School Combined 5-12 Independent 2.6km
- Queensland Academy for Creative Industries Secondary 10-12 Government 2.7km
- Kelvin Grove State College Combined Prep-12 Government 2.7km
- Brisbane Girls Grammar School Secondary 7-12 Independent 2.9km
- Brisbane State High School Secondary 7-12 Government 3.1km
- IES College Secondary 12 Independent 3.1km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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