BRISBANES BEST BRICK & MORTAR INVESTMENT RETURNING OVER $115k PER ANNUM

Welcome to apartment block 1-6/32 Mowbray Terrace, East Brisbane! This exceptional block of units presents a rare opportunity for investors or those seeking a multi-generational living arrangement. With a total of 8 bedrooms, 6 bathrooms, and 6 garage spaces, this property offers an abundance of space and versatility.

Situated on a generous land area of 696 sqm, this block of units boasts a prime location in the sought-after suburb of East Brisbane. The property is conveniently located near a range of amenities including schools, parks, shops, and public transport options, ensuring a convenient and comfortable lifestyle for its occupants.

Each unit within this block offers comfortable living spaces, well-appointed kitchens, and ample storage. The bedrooms are generously sized, providing a peaceful retreat for residents.

Current Leases on the 6 apartments are netting $115,700 per year.

Unit 1 - 2 Bed 1 Bath 1 Car
Unit 2 - 1 Bed 1 Bath 1 Car
Unit 3 - 1 Bed 1 Bath 1 Car
Unit 4 - 2 Bed 1 Bath 1 Car
Unit 5 - 1 Bed 1 Bath 1 Car
Unit 6 - 1 Bed 1 Bath 1 Car

The property's standout feature is its potential for multiple income streams, making it an ideal investment opportunity. Whether you choose to rent out each unit individually or utilize the entire block for future development, the possibilities are endless.

The property will be sold via auction, providing an opportunity for buyers to secure this unique property at a competitive price. Don't miss out on the chance to own this impressive block of units in the highly sought-after East Brisbane location.

For more information or to arrange an inspection contact Michael Nolan or Adam Edwards for more information!

Explore the area

School catchments

East Brisbane State School Primary Prep-6 Government 0.50km
Anglican Church Grammar School Combined Prep-12 Independent 0.78km
St Joseph's Primary School Primary Prep-6 Catholic 0.99km
Coorparoo Secondary College Secondary 7-12 Government 1.1km
Brisbane School of Distance Education Combined Prep-12 Government 1.1km
Coorparoo Centre for Continuing Secondary Education Secondary Government 1.1km
Australian International Islamic College - Buranda Campus Combined Independent 1.6km
Buranda State School Primary Prep-6 Government 1.6km
Villanova College Combined 5-12 Catholic 1.7km
Somerville House Combined Prep-12 Independent 1.8km
St Laurence's College Combined 5-12 Catholic 1.8km
Dutton Park State School Primary Prep-6 Government 1.9km
St James Primary School Primary Prep-6 Catholic 2.0km
Holy Spirit School Primary Prep-6 Catholic 2.0km
Queensland Pathways State College - Coorparoo Campus Secondary Government 2.1km
Coorparoo State School Primary Prep-6 Government 2.1km
Norman Park State School Primary Prep-6 Government 2.1km
Brisbane South State Secondary College Secondary 7-11 Government 2.1km
Lourdes Hill College Combined 5-12 Catholic 2.2km
Queensland Pathways State College Secondary 10-12 Government 2.2km
Brisbane State High School Secondary 7-12 Government 2.4km
Indie School, Logan - Brisbane City Campus Secondary Independent 2.5km
The BUSY School - Brisbane Campus Secondary Independent 2.6km

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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