10 Greenmeadow Road
Mansfield, QLD 4122

Overview

MANSFIELD CATCHMENT BLOCK OF UNITS ON 911m2

10 Greenmeadow Road in Mansfield offers a rare and exceptional opportunity to acquire a unique block of units with significant potential. This well-maintained unit block is situated on a generous 911 square meter parcel of land, located within the sought-after Mansfield State High School catchment area.

The property comprises four spacious units, each featuring two well-sized bedrooms, a comfortable living and dining area, a practical kitchen with ample storage, and a neat, tidy bathroom. The units have been cared for over time, presenting a straightforward, low-maintenance investment option.

Currently, the property generates a gross annual income of $94,640, with potential to increase to $104,000, providing a solid return from the outset. This makes it an attractive option for investors looking to build their portfolio or seeking a reliable asset in a strong location.

The expansive 911 square meter block, with a 33-meter frontage, offers numerous opportunities for future development, subject to council approval. Potential options include subdividing the land into three blocks, strata titling the existing unit block, or extending the current units to increase value and rental income.

Property summary includes four units, each with two bedrooms, one bathroom, and one car space. The current rental agreements are as follows:

• Unit 1: $425 per week until 25 March 2027
• Unit 2: $420 per week until 24 January 2027
• Unit 3: $500 per week until 6 January 2027
• Unit 4: $475 per week until 27 February 2027

Additional highlights of the property include individual laundry facilities for each unit, four secure car spaces, and a flat block of land. The location is highly convenient, with Aldi supermarket just 50 meters across the road, Tillack Park 620 meters away, Mt Gravatt Plaza 2 kilometers away, Mansfield State High School 2.1 kilometers away, Westfield Carindale 2.25 kilometers away, Mount Gravatt Outlook 3.1 kilometers away, and Brisbane CBD approximately 9.5 kilometers distant.

This property is being sold by auction or without a price guide, emphasizing the urgency and exclusivity of this opportunity. Interested parties are encouraged to act quickly to secure this rare investment in one of Brisbane's best school catchments.

All information provided is from sources considered reliable, but prospective buyers should rely on their own inspections, inquiries, and searches with relevant authorities to verify details.

Location