278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064
278 Milton Road Milton, QLD 4064

278 Milton Road Milton, QLD

Property Type Land & Development Site
Asking Price Auction 10am Onsite 278 Milton Road
Floor Area 725 m²
Land Area 1,955 m²

Rare Opportunity! Inner City Freehold Block Of 10 Units, House & Telstra Tower O

LJH Commercial Brisbane & Colliers International are proud to present 278 Milton 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 Bedroom House.
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.
* 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 2km of 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: 10am Onsite, 10 September 2021

* - approx.

BUILDING AREA: 725sqm (approx)
LAND AREA: 1,955sqm