49 Mountain Street, Mount Gravatt QLD 4122

Price By Negotiation

12 beds

6 baths

6 parking

Exceptional Investment – Entire Complex with City Views

This six-unit complex with no Body Corporate presents an exceptional investment opportunity, located on an elevated 809sqm allotment with city views. The perfect property to add to your portfolio, the building is strata titled and generates annual returns of $117,260 approx.

Featuring brick construction, the complex houses 6x 2 bed, 1 bath, 1 car units, all with amazing city vistas and hillside views. Capturing scenic sunrises, easterly breezes and beautiful birdsong, residents enjoy stunning outlooks from dawn to dusk.

Ideal for buyers looking to landbank, the building is fully occupied and features many long-term tenants. Zoned LMR2 Low-Medium Density Residential (2 or 3 Storey Mix), the site also presents a spectacular opportunity for redevelopment and the potential to further capitalise on the sensational views (STCA).

Each unit includes:
- A living and dining area and functional kitchen with a gas cooktop
- Elevated balcony capturing easterly breezes and views over the city and hillside
- Two bedrooms with built-in robes and an original bathroom
- Single lock-up garage with a laundry; four garages feature storage areas
- Two additional storage rooms that are available for owners or to add to leases
- Unit access via the front and rear staircases
- Access to the clotheslines and communal grassed area
- Units 3 and 6 also capture city views from the kitchen and living area
- Some units feature updated kitchens and bedroom cupboards
- Units 1-6 tenanted on 12-month leases

This complex is positioned in a quiet, leafy street across the road from Mt Gravatt summit hiking trails and close to Mt Gravatt Lookout. Offering excellent proximity to amenities, the Mt Gravatt high street is only 350m away, featuring city bus services, local cafes, restaurants, shops, Anytime Fitness and a medical centre. Close to shopping centres, residents can walk to Central Fair and Mt Gravatt Plaza, and Westfield Garden City is 5 minutes away. Within the Mount Gravatt school catchments, close to childcare and 3km to Griffith University. Offering easy access to hospitals, motorways and just 20 minutes to the CBD – this outstanding investment could be yours.

Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property Details

• Type: BlockOfUnits
• Bedrooms: 12
• Bathrooms: 6
• Garage Spaces: 6

Features