31 Plimsoll Street

Presenting an exceptional opportunity to secure a single titled block of flats in the ever-popular suburb of Greenslopes and only 5km from the Brisbane CBD. A rare offering with both immediate uplift potential and longer-term development upside, supported by an existing council approved demolition permit (STCA). This city fringe investment delivers immediate income security, while allowing the astute investor to capitalize on its position within a proven growth corridor. The property itself is a purpose-built timber and chamferboard complex comprising three low maintenances one-bedroom flats, each occupied by long term tenants on fixed leases through to mid 2027. Generating $1,145 p/w or around $59,540 annually with low holding costs and additional upside potential, easily achieved through simple upgrades and minor improvements. (For example- private courtyards, additional bedrooms, off-street parking, air conditioning, kitchen upgrades, bathroom upgrades, flooring upgrades, etc.) Features include • 3x One-bed Flats on one registered title • Returning - $1,145 per/w OR $59,540 per/yr • Fixed long-term tenants, Exp/2027 • 551m2 Block, Zoned CR-2, with 17.9m street frontage • DA - Council Approved Demolition Permit - Exp/2028 • 100m walk to Greenslopes Shopping Centre and surrounding developments • 5km radius to Brisbane City • Cavendish Rd State Highschool, and Holland Park State Primary Catchment • No-Flooding & No-registered easements A location with it all, this site is less than 100m walk from Greenslopes Shopping Centre, services and amenities as well as plenty of public transport options. Situated within the Holland Park State School and Cavendish Road State High School catchments, and only a few minutes' drive to Coorparoo Square and Westfield Carindale, this ideal investment suits buyers seeking a strategic land banking opportunity with stable income and optional development uplift in the future. For more information or for a copy of the form2, and offer form please contact Steve Landeta - 0435 890 517 Current Tenancies • Unit 1 - One Bed, One Bath - Rented at $375 per week - Exp 18/06/2027 • Unit 2 - One Bed, One Bath, One Car - Rented at $375 per week - Exp 26/06/2027 • Unit 3 - One Bed, One Bath, One Car - Rented at $395 per week - Exp 18/06/2027 Disclaimer: While preparing this information we have used our best endeavors to ensure that the following information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own enquiries to verify the information contained here.