278 Milton Road, MILTON QLD

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278 Milton Road, MILTON

SOLD

Land Area 1955m²

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For Sale

Property Details

Property Type Land/Development

Land 1955m²

Rare Opportunity! Inner City Freehold Block Of 10 Units, House & Telstra Tower On 1,955 sqm Land Area

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

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  • Property ID 1HZ6GCF

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For Sale

Property Details

Property Type Land/Development

Land 1955m²

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Manoli Nicolas

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