110 Melton Road, Nundah  7 Beds | 5 Baths | 3 Cars

Expressions of Interest Closing 12pm 3rd June 2022


Rare Investment - Entire Apartment Block with MDR Zoning

This solid brick complex of five apartments is ideally located close to the heart of Nundah, just a brief stroll to the train station, village shops and local amenities. It is well presented throughout with secure tenancies in place, and holds enormous future potential to capitalise on such a premium real estate offering.

The building sits on a large 810sqm block of land over two lots zoned Medium Density Residential with many opportunities for further development to increase returns. There are two 2-bedroom apartments, and three one-bedroom apartments, each well-appointed and with existing tenancies in place. There is also parking for each property including undercover carports and internal laundry spaces, plus a good-sized grassed garden.

The property offers a great income generating prospect with returns of approx. $65,000 pa with the potential to increase revenue through renovation or further development to increase the number of apartments on the site (STCA). It also enjoys a prime location that's within close proximity to Nundah Village and Toombul shopping centre, and the airport.

Features include:
• Entire boutique block of five apartments
• On a large 810sqm level block zoned medium density residential
• Two 2-bedroom apartments and three 1-bedroom apartments
• Outstanding growth and rental scope with excellent annual returns
• Fresh & bright interiors are well presented and in good condition
• A carport for each unit plus a good-sized grassed garden
• Potential to further update or redesign and increase rental yield
• Scope to develop to increase the number of units and build a new three-storey apartment block (STCA)
• Well positioned within a stroll to Nundah village and train station

Location:
• 150m to Toombul Cricket fields
• 350m to Toombul Dog Park
• 400m to Nundah Village
• 550m to Nundah Train Station
• 650m to Toombul Shopping Centre
• 650m to Nundah State School
• 800m to Toombul Train Station
• 1.1km to Aviation High School
• 1.2km to Airport Link Tunnel
• Less than 4km to Brisbane Airport
• 8km to Brisbane CBD

Phone Haydn Denovan for more information or to arrange a viewing.

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

 

Haydn Denovan
Sales And Marketing Consultant
07 2112 1323
haydn@denovans.com.au

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