278 Milton Road,
Milton, QLD 4064
Development Sites & Land • Hotel, Motel & Leisure
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Colliers - Brisbane
Level 30, 111 Eagle StreetBRISBANE CITY, QLD 4000
278 Milton Road
Milton, QLD 4064
Detailed listing
Map of 278 Milton Road
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
* 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: 503888302Last Updated: 11 Nov 2021
Colliers - BrisbaneLevel 30, 111 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
Contact Agency
LJ Hooker Commercial - Brisbane6/3370 Pacific Highway
SPRINGWOOD, QLD 4127
SPRINGWOOD, QLD 4127
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