46 - 48 Mascar St &129 Mt Gravatt Capalaba Rd , Upper Mount Gravatt
1,861m2 - Med Density zoning, $77k/yr rental income - Superb location
'Team Warren' presents this parcel comprising of three individual homes on three separate lots in the heart of Upper Mt Gravatt, which is a short walk up to a major supermarkets, city buses, and Westfield garden City.
The total land size is 1,861m2 and is comprised of
46 Mascar St = 642m2, Rental = $475/wk,
48 Mascar St = 607m2, Rental = $500/wk,
129 Mt Gravatt Capalaba Rd = 612m2 , Rental = $500/wk
The medium density zoning allows a development of up to 5 stories subject to Council approval.
All properties are rented out with good tenants and a stable annual rental return of $76,700 per annum. These properties can make a superb investment to be held for capital gains, for land banking, or for developing your own project.
With great rental income, so many new and exciting projects just built and under development in the area, these properties are a must buy for any investor or developer.
The homes are located close to every amenity, including Upper Mount Gravatt's commercial hub and with easy access to both the Pacific & Gateway Motorways. Other features include:
- Code allows Upto 5 levels of unit development subject to council approval.
- Three properties with good stable rental income - $76,700 per annum
- Right in the middle of Upper Mt Gravatt Commercial/Residential Hub, High growth area.
- Just a few metres from bus stop, retail shops.
- Walk to restaurants, schools, social clubs & commercial businesses.
- Walk to Westfield Garden City.
-Easy access to the City, airport and Gold coast via the Gateway and Pacific Motorways.
The lead agent Warren, is a QLD Registered Architect + a Development Site Specialist, hence our 'Team Warren' is fully equipped to assist the buyers with free preliminary design and planning advice along with basic feasibility studies. So please call if you need to discuss your options and I'll point you in the right direction.
Contact my team today for more information and to express your interest. This is an opportunity not to be missed.
Please contact our team to inspect the properties if no open homes are scheduled on the listing.
Disclaimer - All information and suggested 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. As the property is being advertised for sale by Auction, we are unable to provide a price guide. The website might display the property in a certain price bracket for its own functionality purposes.