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484 Upper Edward Street, Spring Hill, QLD, 4000

Properties / Buy / Queensland / Spring Hill

Tenanted Investment

1. Property Summary

Selling Method

For Sale

Selling Details

FOR SALE | $3.8M

Land Area

696 m² (*approx)

Property Type

Land, Hotel/Leisure, Other

Sub-type

Block of Units / Flats

Est. Income

$276,484 p/a

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2. Property Highlights

Fully Leased Investment Property Overlooking the CBD Returning $276,484 PA

Fully Leased, Returning $276,484 PA
Existing 464sqm* building, 12 Dwellings
Approved DA - 2,426 sqm* of GFA

Savills are pleased to offer for sale the Dorchester Inn, located at 484 Upper Edward Street in Spring Hill.

On-site is an existing two level, 12 dwelling investment property returning $276,484 Gross PA.

Centrally located, overlooking the Brisbane CBD the site is only 550 metres to Brisbane Central Train Station and located centrally to all amenities.

Not only does this property boast great holding income, it has the added bonus of a Council Approved Development project for 2,475 sq m* of Gross Floor Area (GFA) over 10 levels.

The inner-city suburb of Spring Hill offers easy access to the CBD, Gateway Motorway, Brisbane Airport and Inner-City Bypass. Serviced well by banks, post offices and only a 550 meter walk to CBD Train Station and 800 meter walk to Queen Street Mall - this property is perfect if you're looking for a bustling community of cafes and restaurants. Wach dwelling has a Modern kitchen - Modern bathroom - Quality floating timber flooring - 32" Smart TV - Modern furniture - Large wardrobes for storage - Private Courtyard - Air Conditioning - Laundry onsite 1 kms QUT Gardens Point (2 George Street) - 2.1 kms QUT (Kelvin Grove) (Victoria Park Road) - 2.5 kms UQ (St Lucia) - 5.1km Shopping Close by: IGA Spring Hill.

Remember to mention you found this property on CommercialReady