134 Mein Street, Hendra QLD 4011

Auction

• Sat 3 August @ 2PM 03/08/2024 02:00 PM 03/08/2024 02:00 PM Australia/Sydney Auction for 134 Mein Street, Hendra QLD 4011 134 Mein Street, Hendra QLD 4011 Ray White Ascot false DD/MM/YYYY

Inspections

• Sat 6 July @ 12PM - 12:30PM 06/07/2024 12:00 PM 06/07/2024 12:30 PM Australia/Sydney Inspection for 134 Mein Street, Hendra QLD 4011 134 Mein Street, Hendra QLD 4011 Ray White Ascot false DD/MM/YYYY

Auction, Sat 3rd August, 2024 at 2:00pm | On-Site

8 beds

7 baths

7 parking

Eagle Farm Trackside Opportunity: Block of 7 Flats on Two Prime Lots with Development Potential

134 Mein Street, Hendra, presents a unique opportunity for astute investors. This block of 7 flats, situated on a 683 sqm block of land (two lots), delivers strong rental returns and holds significant potential for future development. The property directly backs onto the iconic Eagle Farm Racetrack, offering sweeping views of this historic landmark. Located just 7 km from the Brisbane CBD, this property is ideally positioned in a blue-chip location.


Key Property Features:

• Location: 134 Mein Street, Hendra
• Land Size: 683 sqm (Two Lots)
• Lot 155: 331 sqm, approximately 10m frontage
• Lot 156: 352 sqm, approximately 10m frontage
• Zoning: CR1 Character Residential


Flats Configuration:

• 6 x 1 Bedroom, 1 Bathroom
• 1 x 2 Bedroom, 1 Bathroom
• Each flat has its own off-street parking space
• Flat 7 is currently unrented and requires a bathroom renovation (previously rented at approximately $300 per week)


Financial Performance:

• Gross Annual Income: Approximately $100,000
• No body corporate fees, non-strata complex

Development Potential:

• Blue-chip location surrounded by multi-million dollar homes
• Directly backs onto Eagle Farm Racetrack, providing iconic views
• North-facing aspect


Auction Details:

• Date: 3rd August
• Time: 2:00 PM
• Venue: On-site (if not sold prior)


Don't miss out on this rare investment and development opportunity in a prime Hendra location. For further information or to arrange a viewing, please contact us today. Secure your future with this outstanding property!

Property Details

• Type: BlockOfUnits
• Bedrooms: 8
• Bathrooms: 7
• Carport Spaces: 7
• Land Area: 683 m² (approx)