75 ROOM FACILITY - ALL OFFERS WILL BE CONSIDERED

FOR SALE

Spring Hill, 17-27 Gregory Terrace

Block of rented apartments • 30 room(s) • 30 Bed. • 10 Bath. • Ref: 6995071

1,592m2 ON THE HIGHEST POINT IN SPRING HILL $650,000* YEARLY INCOME WITH HUGE CAPITAL GROWTH POTENTIAL INCOME PAYS YOUR MORTGAGE PLUS GIVES YEARLY CASHFLOW! SPECIAL CONSIDERATION TO OFFERS WITH MINIMAL CONDITIONS King Property Specialists exclusively presents this outstanding Investment and Capital Growth opportunity. The property has a land area of 1,592m2 and sits on a three street frontage, at the highest point in Spring Hill. The buildings currently operate as a 75 room accommodation facility with a current annual gross income of over $650,000* INVESTMENT FEATURES - Existing 75 Room Accommodation Facility (2 buildings) - Over $650,000/yr gross income* - New Tenants on 6 Month Leases with 4 Weeks Bond - All Bedroom Furniture Included in Property Sale - High Occupancy rate 95% - Caretakers on site - Multiple Car parks on site - 100 Solar Panel System on roofs - Located within Spring Hill Free Bus Zone CAPITAL GROWTH POTENTIAL - Walking distance from Brisbane Live Olympic Stadium and Development - Across the road from Brisbane Boys & Girls Grammar schools - Spring Hill set to grow another 10% in 2022 - Income pays your mortgage, set and forget! LAND DETAILS - 1,592m2 of land in Spring Hill - Separated into 3 lots - 3 Street Frontage - Zoned Mixed Use (Inner City) - Council Zoned for 10 Storey Development (subject to council approval) - Highest Point in Spring Hill, exceptional city views achievable LOCATION LOCATION LOCATION Known as one of the most prestigious suburbs in the inner city, Spring Hill sits only a 2 minute drive to the centre of Brisbane CBD. The property is positioned at the top of Gregory Terrace on an elevated lot. It captures excellent views of the Brisbane City skyline with the added benefit of being close to an array of desirable amenities. FUTURE DEVELOPMENT This site represents an excellent opportunity to secure a property within walking distance to so many fantastic new Brisbane City Developments. 2 Minutes Away - BRISBANE LIVE - Brisbane Live is set to transform Brisbane's CBD. Located at a key CBD transit hub, a new 18,000 seat entertainment arena complex will soon be constructed serviced by underground rail and busway infrastructure. 4 Minutes Away - ROMA ST STATION UPGRADE - The new underground Roma Street station will see Roma Street become Brisbane's 'Grand Central', connecting passengers with the existing suburban bus and rail networks, the proposed Brisbane Metro, as well as regional and interstate bus and train services. 5 Minutes Away - VICTORIA PARKLANDS VISION - Brisbane City Council is changing Victoria Park into an iconic public parkland with something for everybody. Council is converting the 18-hole golf course into an expansive new 64-hectare park following feedback from residents who have told Council they want more greenspaces with new places to relax. This means more opportunities to enjoy Brisbane's beautiful climate and connect with family, friends and visitors in the places that make our city great. LOCATION FEATURES 1kms | BRISBANE CBD 20m | Brisbane Grammar School 30m | Brisbane Girls Grammar School 100m | Roma St Parkland 150m | St Andrews Memorial Hospital 350m | Brisbane Private Hospital 500m | Roma St Station 600m | Victoria Park 700m | Suncorp Stadium 850m | Queensland University of Technology 1.5km | South Bank Precinct *Income based on fully occupied dwelling Please note, this property does have heritage aspects. Contact agent for finance solutions or town planning report. Please contact Adam for more information and to express your interest. Disclaimer – All information and suggested investment and development options contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer’s own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.

Spaces

Rooms30
Bedrooms30
Bathrooms10
Carports3

17-27 Gregory Terrace

Spring Hill