15 Franklin Street
Kelvin Grove, QLD 4059
Sold $3,205,000

Property Details

Bed 14 Bath 14 Car 7

Land Size

1,012 square metre

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Once-in-a-Lifetime, Blue Chip Investment Opportunity!

Offered to market for the first time since it's construction in the mid-1990s, this 7-unit brick-veneer complex represents a rare city fringe, blue chip investment!

Situated at the end of a cul-de-sac and short walking distance to Victoria Park, QUT, Kelvin State College, RBWH and 3kms from Brisbane CBD, this blue chip 1,012sqm parcel comprises of seven spacious and well-built two-bedroom, two-bathroom and single car lock-up garage apartments.

Currently gross yielding circa $150,000 annually, it's a solid ready-made investment and high growth asset to hold for years to come. Current rental appraisal indicates a potential gross income up to $178,000 annually, if new leases are in place.

Kelvin Grove has become a popular suburb for a range of people wishing to live close to Victoria Park, Brisbane City, Queensland University of Technology (QUT), Kelvin Grove State College (ranked top 5 in Brisbane) and the Royal Brisbane Hospital. Located less than 3km north west of Brisbane's CBD, it is a hilly and pretty suburb. It has experienced good growth in median house prices over the past five years as buyers have taken advantage of the suburb's proximity to the city.

With the 2032 Brisbane Olympics now confirmed, this is an outstanding opportunity to landbank a complex only 8 minutes from the CBD and 400m from the Ballymore Stadium Redevelopment, benefiting from future capital growth.

** 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. Whilst all reasonable attempts have been made to verify the accuracy of the information provided, the Selling agents confirm that they cannot guarantee accuracy of the same and accept no liability (express or implied)in the event that any information contained in the document or provided within is inaccurate. Parties must ensure they make their own due diligence enquiries to satisfy themselves about the accuracy of the information. This information provided is indicative only and must not be relied upon unless confirmed by a party through their own due diligence.

Agent Representing 15 Franklin Street

Alan Woo
Lead Agent

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