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LJ Hooker Commercial - Brisbane

230 Cavendish Road Coorparoo, QLD 4151

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230 Cavendish Road,
Coorparoo, QLD 4151

Development Sites & Land • Hotel & Leisure

Price information

Sale

Offers to Purchase to be submitted in writing

Key property information

Land area

Tenure type

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0400 *** ***
LJ Hooker Commercial - Brisbane
230 Cavendish Road
Coorparoo, QLD 4151
LJ Hooker Commercial - Brisbane
Manoli Nicolas

LJ Hooker Commercial - Brisbane

6/3370 Pacific Highway
SPRINGWOOD, QLD 4127

Map of 230 Cavendish Road

Directions
  • Train stations within 5 km of 230 Cavendish Road, Coorparoo, QLD 4151Distance
    Coorparoo Station1.1 km
    Norman Park Station1.7 km
    Buranda Station2 km
    Morningside Station3 km
    Park Road Station3.1 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 230 Cavendish Road, Coorparoo, QLD 4151Distance
    Cavendish Rd at Shire Street82 m
    Cavendish Rd at York Street282 m
    Cavendish Rd at Coorparoo Shops382 m
    Old Cleveland Rd at Coorparoo387 m
    Old Cleveland Rd at Macauly Street394 m
    POWERED BY HERE ©
POWERED BY HERE ©

Extremely Rare Freehold Investment With Development Upside

  • Freehold 100% Leased Block of Units
  • Substantial Development Upside
  • 1093 sqm regular shape land.
LJH Commercial are pleased to present 230 Cavendish Road, Coorparoo to the market for sale via offers to purchase closing Friday the 26th of June 2020 (unless sold prior).

* Extremely rare opportunity to acquire future development site with holding income.
* The subject property offers 1093sqm regular shape improved land area. 28m frontage to Cavendish Road.
* Current improvements 6 x 2-bedroom units, 1 x 5-bedroom house split into two brick buildings.
* The buildings are in good condition, and are 100% leased on short and long term agreements.
* Gross passing income $122,200. Net Passing income $94,336 per annum (approx) (excludes land tax).
* Substantial upside with development approval for 6 x 2 bedroom units and 3 x 3 bedroom townhouses.
* Previous development approval for 15 units. 2-3 bedroom mix.
* Zoning: Low to Medium Residential. (2 or 3 Storey Mix) Zone.
* Prime Coorparoo position with city glimpses and potentially substantial view in re-development.
* Located only 4km to the Brisbane CBD, the property has close access to public transport including bus and train stations.
* The sellers have provided clear instructions to sell the property via formal offers to purchase to be submitted in writing by 26th of June, 2020 (unless sold prior).

Property ID: 503561106Last Updated: 10 Jul 2020

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LJ Hooker Commercial - Brisbane
LJ Hooker Commercial - Brisbane
6/3370 Pacific Highway
SPRINGWOOD, QLD 4127
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Manoli Nicolas

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Manoli Nicolas
LJ Hooker Commercial - Brisbane
230 Cavendish Road Coorparoo, QLD 4151

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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