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SOLD

Lytton House, 117 Lytton Road, East Brisbane, QLD, 4169

Properties / Sold / Queensland / East Brisbane

Development Potential

1. Property Summary

Property Type

Residential

Sub Type

Apartment Sites, Townhouse Sites, Boarding House

Land Area

850 m² (*approx)

Selling Method

Offers to Purchase : Close 4:00pm 25 July 2019

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2. Property Highlights

INVESTMENT OPPORTUNITY

850m2 Freehold Site under 2.5kms to CBD
Strong Rental Return / Fully Registered
Gross Income $164,320/18 Accom Modules

117 Lytton Road, East Brisbane presents a rare opportunity for an investor to acquire a prime property in the high growth area of East Brisbane. The property is a regular shaped block over 2 lots totalling 850m2 with high exposure to Lytton Road, East Brisbane.

Elevated above the street, frontage the improvements are a highset dwelling comprising of 18 accommodation modules over 2 levels . The property enjoys a 21.5 metre (approx) frontage to Lytton Road and is located within 2.5 km from Brisbane’s CBD.

This property is a fully accredited/registered Boarding House and benefits from a strong rental return in an excellent location where all amenities are just a few minutes walk away.

In summary, the property offers:

850m2 land
Less than 2.5 km to Brisbane’s CBD
Strong Rental Return
18 tenanted rooms
Fully registered and accredited
Low Vacancy
Minutes to City Cat, buses and shopping
Gross income p.a. $164, 320 *

Offers to Purchase Close 4:00pm 25 July 2019

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