254 Hawken Drive, St Lucia QLD

For Sale

Development

SOLD

These properties are situated just 4 kilometres* west of the Brisbane General Post Office (GPO) with excellent public transport access including frequent bus services along Hawken Drive, two CityCat ferry terminals in Guyatt Park and The University of Queensland, as well as bikeway to the Brisbane CBD.
• Walking distance to The University of Queensland St Lucia campus and CityCat Guyatt Park terminal
• Less than 10 metres to bus stops and local amenities
254 & 256 Hawken Drive are currently occupied as 6 bedroom, 1 bathroom houses achieving gross rental income of $57,000 per annum; with 80 Boomerang Road configured as a 5 bedroom 1 bathroom house achieving $54,000 gross rental income per annum.

3 adjoining houses:
• 254 Hawken Drive: 473sq m land area, rental return $57,200PA
• 256 Hawken Drive: 506sq m land area, rental return $56,160PA
• 80 Boomerang Road 526sq m land area, rental return $54,600PA
Total Land Area = 1,505 square metres land area
Total Rental Return = $167,960PA

Street Frontage:
114 metres* to Dell Road, Boomerang Road and Hawken Drive.

Zoning:
“LDR Low density residential” under Brisbane City Plan 2014

Town Planning:
Toowong—Indooroopilly district neighbourhood plan

Real Property Details:
Lot 347, 348 & 349 on Registered Plan 40784

Improvements:
There are three existing single level houses located at 254-256 Hawken Drive & 80 Boomerang Road

Opportunity:
• Outstanding residential investment in tightly held Brisbane fringe suburb achieving total gross rental income of 167,960 per annum
• Located in close proximity to the University of Queensland, St Lucia campus
• Positioned in a sought after near city residential precinct and strong long term fundamental growth prospects
• Development Potential: Low density Residential (dwellings up to 2 storey in height or 9.5m)

Income:
254 Hawken Drive, St Lucia QLD 4067 has a gross rental income of $57,200* per annum.
256 Hawken Drive, St Lucia QLD 4067 has a gross rental income of $56,160* per annum.
80 Boomerang Road, St Lucia QLD 4067 has a gross rental income $54,600* per annum.
* Approximately