Rare Paddington Investment - 5 Flats on 708m²* with $100,000+ Gross Return

20 French Street presents an exceptional and tightly held opportunity in one of Brisbane's most in-demand blue-chip suburbs.

Set on a generous 708m² allotment, this brick, post-war block of five flats-comprising a mix of one- and two-bedroom residences-delivers outstanding income now with scope for future potential.

Currently returning approximately $100,000 gross per annum, the property is ideal for the savvy investor, land banker or future home builder looking to secure a foothold in a high-growth inner-city precinct.

The character of the original brick, post-war design remains, offering charm and enduring appeal to tenants while giving new owners the flexibility to modernise, redevelop (STCA), or simply enjoy strong yields in a prime location.

Key Features:
• 5 individually let flats: mix of 1 and 2-bedroom units.
• Gross income approx. $100,000 per annum
• Expansive 708m² block with wide frontage
• Elevated and quiet Paddington Street
• Post-war structure: opportunity to remove and build your dream home (STCA)
• Just moments from Given Terrace café, retail, and dining precincts
• In the catchment for Ithaca Creek State School and Kelvin Grove State College
• Less than 3km to Brisbane CBD
• Excellent access to public transport and major arterials
• Positioned to benefit from future Olympic infrastructure and ongoing inner-city rejuvenation.

Whether you're looking for a secure income stream with long-term upside, a strategic development opportunity, or a place to plan your dream residence, 20 French Street offers versatility, character, and immediate value.

Invest now, plan for tomorrow - opportunities like this are increasingly rare.

Auction: 11th September @ 6pm
Location: Ray White Paddington In-room Auctions

* Where properties are being sold without a price, in accordance with government
regulations a price guide cannot be provided. Please also note that the website being
viewed may have filtered the property into a price bracket for functionality purposes.

* Land dimensions are sourced from Pricefinder & B.C.C and should be used as a guide only

Explore the area

School catchments

Petrie Terrace State School Primary Prep-6 Government 0.70km
Milton State School Primary Prep-6 Government 0.74km
Hubbard's School Secondary Independent 1.1km
Hubbard's School Secondary 11-12 Independent 1.2km
Compass Independent School Combined Prep-7 Independent 1.3km
Brisbane Grammar School Combined 5-12 Independent 1.4km
Queensland Academy for Creative Industries Secondary 10-12 Government 1.5km
Ithaca Creek State School Primary Prep-6 Government 1.6km
Kelvin Grove State College Combined Prep-12 Government 1.6km
Brisbane Girls Grammar School - Primary Campus Primary Independent 1.7km
Brisbane Girls Grammar School Secondary 7-12 Independent 1.7km
Rainworth State School Primary Prep-6 Government 1.9km
Arethusa College - West End Campus Secondary Independent 1.9km
IES College Secondary 12 Independent 1.9km
St Finbarr's School Primary Prep-6 Catholic 1.9km
The Industry School - Brisbane Secondary 10-12 Independent 2.1km
West End State School Primary Prep-6 Government 2.1km
St Joseph's College Combined 5-12 Catholic 2.3km
St Joseph's School Primary Prep-6 Catholic 2.3km
St Ambrose's Primary School Primary Prep-6 Catholic 2.4km
Mt St Michael's College Combined 5-12 Catholic 2.4km
Brisbane Central State School Primary Prep-6 Government 2.4km
Brisbane State High School Secondary 7-12 Government 2.5km
St Joseph's College - Waterford Place Campus Combined Catholic 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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