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“THE BLOCK ” Is For Sale - Calling All Renovators | | Property type: | Development Site | | Address: | ALBION QLD 4010 |
Offers over $900,000 - 5ks to the city. Refurbish & reap the rewards as this is an excellent opportunity to purchase a block of flats in Albion with the second storey boasting magnificent city glimpses. Consider the possibilities of refurbishing the existing flats plus building more on the adjacent vacant piece of land (subject to council approval). Total size of block 809sqm zoned Residential BR3.
This property is crying out to be transformed and the potential is endless.
Rent Return 3 x $130pw & 1 x $140pw. However renovate, develop and increase the rent returns.
Area Profile
The size of Albion is approximately 2 km˛. It has 1 park covering nearly 19% of the total area. There are 2 schools located in Albion.
The population of Albion in 1996 was 2,287 people. By 2001 the population was 2,338 showing a population growth of 2% in the area during that time.
The predominant age group in Albion is 20 - 29 years.
Households in Albion are primarily couples with children and are likely to be repaying between $800.00 - $1000.00 per month on mortgage repayments.
In general, people in Albion work in a professional occupation.
In 1996, 44% of the homes in Albion were owner-occupied compared with 48% in 2001.
Currently the median sale price of houses in the area is $650,000.
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Property details |
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Construction type: | Brick veneer |
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