Presenting an exceptional opportunity at 249 Zillmere Road, Zillmere. Ideally located just a short distance from Taigum shops, this property offers easy access to local schools and convenient transportation options and only 15 minutes to the city centre.

Set on an expansive 812 m² block, the property currently houses five units- four two-bedroom units and 1 one-bedroom units-all of which are tenanted, providing immediate rental income. The property is zoned for low-medium density residential use, allowing for potential redevelopment (subject to council approval) into a 2 to 3-story mixed-use building or the opportunity to renovate the existing units.

The owner is ready to transition, presenting a unique chance for a new owner to acquire this valuable asset. We will be going to market with expressions of interest, making this a prime investment opportunity. With all units tenanted, you can generate rental income while exploring your options for the property.

. Given the current tenancies, we will need to arrange appropriate measures to facilitate property viewings. Don't miss out on this fantastic opportunity to secure a substantial parcel of land in a sought-after location in North Brisbane.

Current Lease agreements
1/249 - $270 per week expires 25/11/25
2/249 - $235 per week expires 8/10/25
3/249 - $260 per week expires periodic
4/ 249 - $255 per week expires 7/06/25
5/249 -$300 per week expires 16/05/25

Outgoings:-
Mowing - $154 per F/night
Rates - $1100 per quarter
Common Area Electricity - $150 per quarter


Please note there is no Body Corp involved in this property. Sandgate Real Estate has been managing the units for 30 plus years.

For any enquiries please contact Aarthi on 0412354989 or Brock Connolly 0438760520

DISCLAIMER:
We have, in preparing this advertisement, used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.