Huge development potential + Excellent earning capacity - 1100m2!

On an elevated allotment, sprawling 1100m2, this proven investment is located in a growth corridor with strong buyer demand, convenient to amenities and infrastructure. The existing dwellings have demonstrated income potential (currently over $1,200 per week) to return on three separate tenancies with room to improve. If neighbouring allotments are to be observed, consideration may be given to exploring development opportunities (subject to relevant council approvals). *
Each individual unit presents a generous floor plan separate lounge room and an original eat-in kitchen. Bedrooms are serviced by a functional bathroom featuring shower over bath. Detached laundries are located behind the dwellings.

1 x 3 bed | 1 bath
2 x 2 bed | 1 bath

With scope for further return on investment through capital growth and future development opportunities, this property will attract the attention of developers and astute investors.

Located just 8 kilometres from the CBD, conveniently situated within walking distance to the busway on Logan Road. Little Black Pug and Tokyo Teppanyaki Steak House are popular with the locals. Other local highlights include Mount Gravatt Outlook Reserve and Glindemann Park Playground.

Within the quality school catchments for Mount Gravatt State School & Mount Gravatt State High School. Within proximity to Griffith University (Nathan Campus). Popular choices for private schools include St Agnes Primary School, Clairvaux MacKillop College, and Citipointe Christian College.

Inspect by appointment or contact Max Hadgelias 0411 276 372 for further information or about submitting your interest.

**Any reference to development is general in nature and is subject to relevant council approvals. It is the responsibility of prospective buyers to make their own enquiries and seek professional advice prior to engaging in any negotiations. **

Explore the area

School catchments

Mount Gravatt State School Primary Prep-6 Government 0.37km
St Agnes School Primary Prep-6 Catholic 0.52km
Mount Gravatt State High School Secondary 7-12 Government 0.60km
Seville Road State School Primary Prep-6 Government 0.71km
Queensland Pathways State College - Mt Gravatt Campus Secondary Government 1.5km
Seton College Secondary Catholic 1.6km
Cavendish Road State High School Secondary 7-12 Government 1.6km
Mount Gravatt East State School Primary Prep-6 Government 1.7km
Yarranlea Primary School Primary Prep-6 Independent 1.7km
Holland Park State High School Secondary 7-12 Government 1.8km
Marshall Road State School Primary Prep-6 Government 1.9km
St Joachim's School Primary Prep-6 Catholic 2.2km
St John Henry Newman College Primary Independent 2.2km
Holland Park State School Primary Prep-6 Government 2.4km
Clairvaux MacKillop College Secondary 7-12 Catholic 2.4km
Brisbane Adventist College Combined Prep-12 Independent 2.5km
St Bernard's School Primary Prep-6 Catholic 2.6km
St Catherine's Catholic Primary School Primary Prep-6 Catholic 2.6km
Loreto College Coorparoo Combined 5-12 Catholic 2.7km
Wishart State School Primary Prep-6 Government 2.7km
Upper Mount Gravatt State School Primary Prep-6 Government 2.9km
Mansfield State High School Secondary 7-12 Government 3.3km
Whites Hill State College Combined Prep-12 Government 3.4km
Citipointe Christian College Combined Prep-12 Independent 3.6km
MacGregor State High School Secondary 7-12 Government 3.9km
Queensland Pathways State College Secondary 10-12 Government 4.4km
Queensland Pathways State College - Coorparoo Campus Secondary Government 4.4km
Villanova College Combined 5-12 Catholic 4.6km

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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