Block of Units for sale

4 Jerdanefield Road,

St Lucia, QLD

7 6 6
Expressions of Interest

BLUE CHIP OPPORTUNITY - RIVERSIDE BLOCK OF 6 FLATS

Quality block of 6 flats in a prime riverside location, this well-maintained Heritage Listed property has an intriguing history.

The original Heritage Listed house is Circa 1937/38 an interwar Mediterranean style house designed by prominent Architects - Lucas & Cummings. The cavity brick house was considered to be of such high quality design that the Architects , Lucas & Cummings, received the Meritorious Award in 1939 from the Royal Australian Institute of Architects.

The house was purchased by Brisbane City Council in 1948 and converted into the current state of 5 x 1 bedroom & 1 x 2 bedroom flats.

3 level block of 6 cavity brick flats, consisting of: 5 x 1 bedroom flats and 1 x 2 bedroom flat. Located on a flood free Riverside block with picturesque river views. Many options are available including - land bank, renovate existing units, return to original house.

Surrounded by prestige riverfront properties, Jerdanefield Road, St Lucia offers residents an enviable lifestyle just moments from, University of Queensland, St Lucia Village, Toowong & Indooroopilly Shopping Centres, public transport including the Guyatt Park - CityCat stop.

A unique opportunity to buy and hold this solid 3 level cavity brick property with constant income and low maintenance.

For further details please don't hesitate to contact Steve. 0411 790 760. Inspections by appointment.

Please Note - approximate figures:
Total Annual Return - $88,000.00
Total Net Annual Return - $75,000.00
Last updated: 03:52PM on Aug 15th 2019
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Place Projects Unit Trust

Level 1, 33 Lytton Rd
East Brisbane QLD, 4169
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