Blue-Chip Unit Block with Vacant Possession

A rare opportunity to secure a blue-chip investment in a tightly held precinct, this entire block of 7 units, presenting an exceptional opportunity for investors, developers and land bankers to secure a substantial landholding with immediate upside and outstanding long-term potential.

Positioned in a prestigious Hendra location backing directly onto Eagle Farm Racecourse, the property will be offered with vacant possession, allowing the successful purchaser to immediately re-lease, refurbish, demolish or pursue future redevelopment (STCA) without the constraints of existing tenancies.

Occupying a 683sqm parcel across 2 lots with over 20 metres of frontage to both the street and the racecourse, the non-strata complex comprises 6x 1-bedroom, 1-bathroom units and 1x 2-bedroom, 1-bathroom unit, each with its own dedicated parking space and no body corporate fees.

When fully tenanted, the property generated just under $114,000 per annum, providing a benchmark for future income while highlighting the opportunity to unlock even greater rental returns.

With uninterrupted green outlooks across Eagle Farm Racecourse and front-row seats to race-day action, the setting is as unique as it is valuable. Residents can walk to local cafes and restaurants, while the shopping and dining precincts of Racecourse Village, Racecourse Road and Portside Wharf are only moments away. Bus stops and Hendra train station are just 650m from the door, Brisbane CBD is 7km away, and Brisbane Airport is 11 minutes
away. The address also benefits from the Hendra State School catchment and proximity to leading private schools and childcare centres.

Entire unit blocks in this calibre of location are exceptionally rare, and opportunities to purchase with vacant possession are rarer still. After a previous campaign, the seller's instructions are clear- this property is to be sold.

With exceptional flexibility, significant value-add potential and outstanding future possibilities, this is a compelling opportunity to secure immediate control of a blue-chip asset.

Property features:
- Blue-chip investment opportunity on 683sqm on 2 lots
- No body corporate fees, non-strata complex
- Previously returning just under $114,000 per annum
- Site will be sold with vacant possession
- Opportunity to refurbish or demolish (STCA)
- 7-unit block backing onto Eagle Farm Racecourse
- 6x 1-bed 1-bath units and 1x 2-bed 1-bath unit
- Unit 7 has had the bathroom and kitchen gutted
- Over 20 metres frontage to the street and racetrack

Contact Nick Kouparitsas on 0406 564 619 or Claudia Rocha on 0413 939 470 today to arrange your inspection or discuss how this outstanding property can secure your place in one of Hendra's most tightly held streets.

*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.

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School catchments

Our Lady Help of Christians School Primary Prep-6 Catholic 0.47km
St Rita's College Combined 5-12 Catholic 0.88km
Hendra State School Primary Prep-6 Government 0.90km
St Agatha's Primary School Primary Prep-6 Catholic 1.1km
Aviation High Secondary 7-12 Government 1.2km
Hamilton State School Primary Prep-6 Government 1.2km
Ascot State School Primary Prep-6 Government 1.3km
Clayfield College Combined Prep-12 Independent 1.4km
St Margaret's Anglican Girls School Combined Prep-12 Independent 1.6km
Eagle Junction State School Primary Prep-6 Government 1.7km
Mary MacKillop College Secondary 7-12 Catholic 2.4km
St Joseph's School Primary Prep-6 Catholic 2.5km
Holy Cross School Primary Prep-6 Catholic 2.5km
Nundah State School Primary Prep-6 Government 2.6km
Kedron State High School Secondary 7-12 Government 2.7km
Wooloowin State School Primary Prep-6 Government 2.9km
Northgate State School Primary Prep-6 Government 3.0km
Bulimba State School Primary Prep-6 Government 3.1km
Balmoral State High School Secondary 7-12 Government 3.6km
Wavell State High School Secondary 7-12 Government 4.0km
Fortitude Valley State Secondary College Secondary 7-12 Government 4.2km
Mount Alvernia College Secondary 7-12 Catholic 4.3km
Padua College Combined 5-12 Catholic 4.4km
Cannon Hill Anglican College Combined Prep-12 Independent 4.5km
Music Industry College Secondary 11-12 Independent 4.7km
Angelorum College Combined Prep-10 Independent 4.7km
Humanitas High School Secondary 7-11 Independent 4.8km

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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