29 Gray Road
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About this property
16 Apartments | Circa $326,650 PA Income | Prime Inner-City Location Offered for sale , 29 Gray Road, West End presents a rare opportunity to secure a substantial freehold residential investment in one of Brisbane's most tightly held inner-city suburbs - West End Positioned in the sought-after Hill End precinct, the property comprises 16 self-contained apartments and benefits from consistently strong tenant demand, stable occupancy history and immediate access to key lifestyle and employment hubs. ________________________________________ Key Highlights Big Block Freehold residential apartment building 16 apartments (14 studios, 2 one-bedroom) Current gross income: circa $326,650 per annum Consistently high occupancy with negligible vacancies Double Brick construction Brand new roof Flood-free landholding Held by current owner since 2015 Within Brisbane State High School & West End State School catchments ________________________________________ Location One of Brisbane's most desirable inner-city residential precincts, offering immediate access to: Brisbane CBD (3km approx.) Brisbane River & Orleigh Park City Cat ferry & City Glider transport South Bank Parklands West End café, dining & retail precinct Major hospitals & universities Kurilpa precinct urban renewal area ________________________________________ Opportunity A rare chance to acquire a scale freehold residential asset in a high-demand inner-city location with strong rental fundamentals and long-term capital growth potential. Freehold residential assets of this scale and inner-city position are tightly held in West End, with limited comparable opportunities available to the market. ________________________________________ For Sale For further information or to arrange a private inspection, please contact: Angus Commins 0418 715 454
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Bedrooms
- 16
- Bathrooms
- 16
- Parking
- 5
- Land Area
- 817 m²
- Listed
- 1 week ago
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Neighbourhood
Living in West End
This 16-bedroom land in West End, QLD 4101 sits within reach of public transport, local shops and nearby schools. It is listed 603% above the $925,000 median of 47 comparable landswithin 5 km.
Schools near West End
- Townsville West State Schoolprimary · Prep-6 · CoEd
- West End State Schoolprimary · Prep-6 · CoEd
- Arethusa College - West End Campussecondary
- Townsville Flexible Schoolsecondary · 7-12 · CoEd
What's nearby
- Gray Rd at Yumba, stop 15 (bus) — 149 m away
- Motorcycle Aftermarket Spares — 154 m away
- Orleigh Park — 215 m away
- Unnamed — 308 m away
- Unnamed — 504 m away
West End at a glance
Full suburb profile- Population
- 3,891
- Median age
- 40
- Household income
- $1,402/wk
- Median rent
- $250/wk
- Median mortgage
- $1,430/mo
Source: ABS Census.
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Suburb market
Suburb price trend
West End price trend
Median sold · House 3 bed
Compound growth +13.5% / yr over 4 yrs
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Full West End marketThis listing
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1 price change recorded for this property
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