88 Invermore Street, Mount Gravatt East

19 Beds 10 Baths 20 Cars 2,233 m2

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Why 88 Invermore Street?

Entire Block of Freehold Townhouses - Invest or Develop on LMR 2233sqm

Presenting an excellent investment or development opportunity is this entire block of 9 freehold townhouses boasting endless potential and solid rental returns. The block of neat and tidy townhouses can be strata titled to sell individually or re-developed.

The low-maintenance residences (mix of 2 and 3-level) all feature their own yards, double lock-up garages and access to 2 visitor car spaces.

Offering strong annual returns of $206,440, the property boasts the potential for rent increases and returns of $232,700 per year.

Townhouse 1: 2 bed, 1 bath, 2 car (rent $355 p/w, potential rent $480 p/w)
Townhouse 2: 2 bed, 1 bath, 2 car (rent $450 p/w, potential rent $485 p/w)
Townhouse 3: 2 bed, 1 bath, 2 car (rent $440 p/w, potential rent $485 p/w)
Townhouse 4: 2 bed, 1 bath, 2 car (rent $435 p/w, potential rent $480 p/w)
Townhouse 5: 2 bed, 1 bath, 2 car (rent $435 p/w, potential rent $500 p/w)
Townhouse 6: 2 bed, 1 bath, 2 car (rent $435 p/w, potential rent $500 p/w)
Townhouse 7: 2 bed, 1 bath, 2 car (rent $450 p/w, potential rent $500 p/w)
Townhouse 8: 2 bed, 1 bath, 2 car (rent $445 p/w, potential rent $500 p/w)
Townhouse 9: 3 bed, 2 bath, 2 car (rent $525 p/w, potential rent $535 p/w)

Situated on 2233sqm surrounded by multiple million-dollar properties in Mount Gravatt East, there is a great opportunity to capitalise on the land and position. With the option to knockdown the existing dwelling and subdivide/rebuild multiple new properties, the potential in endless (STCA).

A prime piece of real estate, this complex is walking distance from Mt Gravatt Homemaker Centre, Mt Gravatt Plaza, Central Fair, and 8 minutes from Westfield Mt Gravatt. Parks, reserves, bus stops and cafes are steps away. Close to a great selection of local and private schools, childcare, TAFE and Griffith University. 11 minutes to Greenslopes Private Hospital, 14 minutes to the PA Hospital, 12 minutes to The Gabba and 17 minutes to the CBD.

An outstanding opportunity with unlimited potential – enquire now.