Property Listings
QLD
AUCTION
RARE OPPORTUNITY! INNER CITY FREEHOLD BLOCK OF 10 UNITS, HOUSE & TELSTRA TOWER ON 1,955 SQM LAND AREA
LJHCommercial Brisbane & Colliers International are proud to present 278Milton Road, Milton to the market for immediate sale. • Tightly held for over 47 years. Outstanding Investment opportunity. • High Profile Milton Road Site with 108m* Milton Road Frontage. • Two Street Access. Front and rear of the site; Milton Road & Nerida Lane. • 1,955sqm expansive elevated land area with abundant exposure. Ample on site car parking . • CR2 – Character Residential Zoning. Land use: Multi Unit Dwelling (flats). Current Improvements include: • 10 Flats, seven of which are ‘Residential Services fully accredited. Freestanding 2 BedroomHouse. Telecommunication Tower Leased to Telstra. 3 x 10 year lease. Expiry 2033. Annual 6% fixed rental increases. • Current Residential Gross Income: 122,460 (EX GST). Current Telstra Tower Income: $49,950 + GST. Total Gross Income: $172,410. 278 Milton Road, Milton, QLD, 4064
• Outgoings (BCC Rates,Urban Utilities (water/sewer) Electricity, Gas, Fire Safety, Emergency Phone: $19,172. • Net Income: $153,238* (+GST if applicable). • Significant opportunity to improve and increase income. • Situated within 2kmof the Brisbane City, foot steps to Park Road Business & Restaurant Precinct and Train Station. • Walking Distance to Suncorp Stadium, Ferry Terminal, Bus Stops, and other amenities. • Act Immediately. Motivated vendor has provided their Clear Instructions to ensure the property is sold at Auction, (if not sold prior). • Auction: 10amOnsite, 10 September 2021
BUILDINGAREA: 725sqm (approx) LANDAREA: 1,955sqm
* - approx.
Manoli Nicolas 0400 082 170
Philip O’Dwyer 0451419885
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