1407 Logan Road Mt Gravatt Qld 4122 and 28 Tenby Street Mt Gravatt Qld 4122
AUCTION 19TH JULY @ 10AM IF NOT SOLD PRIOR
Property Highlights:
Positioned in Central Mount Gravatt
Combined land size of 2269m2 in commercial premises and 4 x unit block residential
opportunity
Prime Candidate for Redevelopment Potential (STCA)
Gross rental income approx. $600,000 PA
Karalis Commercial are proud to offer this rare opportunity to acquire a large-scale land site with genuine revenue in a densely populated area under 8km from the city. This dual freehold business and multi-unit residential property investment is a sensational and very lucrative acquisition.
Features of Commercial Site:
1662m2 including the 30-space secure car park via Tenby Street.
Four ground level leases and a further six businesses operating from the top-level
suites.
Most of these tenants have been leasing here for many years and are very reliable and
reputable.
Businesses operating in this space cover a range of professions including dental,
podiatry, accounting, healthcare, psychologist practitioners, pilates, tattoo studio, music
shop and an Indian restaurant.
The premises has modern decor upstairs with polished timber floors and frosted glass
entrances to each of the 8 suites.
The commercial property has a 11.34Kw PV solar panel array (65 * 175 watt). The PV
system produces around 45Kwh per day and qualifies for FIT, generating a cash
surplus of $ 550 per month.
Apartment Complex:
The brick apartment complex is well presented and sits on a neatly maintained 607sqm
block.
The complex comprises of
Three units with 2 bedrooms, 1 bathroom.
One unit with 1 bed/1 bathroom.
Two units have their own garages, and one has a music recording studio.
Together they provide strong rental returns.
The combined site is a prime candidate for a redevelopment overhaul in the future. The zoning of the overall site is DC2 (corridor) which allows for higher density usage, new builds (STCA) up to 5 storeys and can be developed into mixed use with strata-titled residential apartments and commercial /retail lots. Located in a highly desired location, offering residents city express bus services, cafes, bars, restaurants, fitness centres and more right at its doorstep.
Astute business investors should be quick to review the details of this dual asset and get in touch with us to receive a full information pack.
