Investment Opportunity: Four Brick Units with Subdivision Potential in MacGregor QLD

For Sale

20 Ilya Street, MacGregor, Qld 4109-Image

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

905 m²

Area

Published on Wednesday, August 12, 2026 ( See property details for 20 Ilya Street, MacGregor, Qld 4109)

Offer Over $2,000,000 Invited

Andrew Sim - Real Estate Agent - Ray White - Redcliffe

Andrew Sim Auctioneer | Sales & Marketing Consultant

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile investment opportunity featuring four self-contained brick units with excellent rental potential and future subdivision prospects in a prime Brisbane location.

🏡 Property Highlights

Impressive block of four brick units on one title with potential to strata subdivide
Consisting of two spacious 3-bedroom and two 2-bedroom self-contained units
Current rental income of $85,280 per annum with an appraised potential of $97,240 per annum
Located in a prime area with easy access to Garden City Shopping Centre, Sunnybank shops and restaurants
Close proximity to Brisbane CBD, Airport, and Gold Coast recreational areas
Owned for over 40 years with solid capital growth expected to continue

✨ Key Features

Built-in Robes
Open-Plan Living
Ensuite
Outdoor Area
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Fully fenced
Water tank

Suburb and Property Insights of Macgregor, QLD 4109

MacGregor is a highly sought-after suburb offering excellent connectivity to Brisbane CBD, Gold Coast, and major transport links. It boasts a vibrant shopping and dining precinct, proximity to recreational areas, and strong capital growth. The area is ideal for investors seeking high rental yields and future development potential, making it a prime location for both lifestyle and investment benefits.

Frequently Asked Questions

What is the current rental income and potential for future rental growth?

The property currently generates $85,280 per annum with an appraised potential of $97,240 per annum, indicating strong rental income and growth prospects.

Can the units be strata subdivided in the future?

Yes, the property has potential to be strata subdivided, offering additional development or sale opportunities.

What are the key amenities and transport options nearby?

The property is conveniently located near Garden City Shopping Centre, Sunnybank shops and restaurants, Brisbane CBD, the Airport, and the Gold Coast recreational areas.

Is the property suitable for long-term investment?

Absolutely, with over 40 years of ownership and solid capital growth, this property is an excellent long-term investment opportunity.

Are there any development restrictions or zoning considerations?

Potential buyers should consult local council regulations regarding subdivision and development to confirm any restrictions or requirements.

What to ask about this property to agent?

Are there any hidden costs associated with strata subdivision or future development plans? Has the property been inspected for structural issues or required repairs? Are there any easements, zoning restrictions, or planning overlays affecting the property? What are the ongoing costs for maintenance, council rates, and body corporate fees? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any upcoming planning or construction projects nearby that could impact the property? What are the terms of the current lease agreements, and are there any lease renewal conditions? Is the property compliant with all local building codes and regulations? Are there any restrictions on future subdivision or development beyond current potential? What is the condition of the existing infrastructure, including water, sewer, and electrical services?

20 Ilya Street, MacGregor, Qld 4109 - More Details

Offer Over $2,000,000 Invited

IMPRESSIVE UNIT BLOCK OF FOUR BRICK UNITS ON ONE TITLE WITH POTENTIAL TO STRATA SUBDIVIDE. COMPRISING EXTRA SPACIOUS 2 X 3 BEDROOM AND 2 X 2 BEDROOM SELF CONTAINED UNITS RETURNING $85,280.00 PA. THE PROPERTY IS UNDERLET AND THE APPRAISED RENTAL RETURN IS $97,240.00 PA. The location of the property is considered A1 being in easy access of the Garden City Shopping Centre, Sunnybank's shops and Restaurant precinct, minute access to the Brisbane CBD, Airport and the Gold Coast recreational area. Owned for over 40 years the property has experienced solid Capital Growth which is expected to continue towards the Olympics. Astute investors will recognise the locational benefit and rental growth making this an exceptional investment opportunity.
Inspections by private appointment with Andrew Sim 0426 582 818

Information Memorandum available on request.

NB. The internal photos have been digitally enhanced with furniture for promotional purposes.

Type: Block Of Units
Bedrooms: 10
Bathrooms: 4
Parkings: 4
Area: 905 m²

Map & nearby places — 20 Ilya Street, MacGregor, Qld 4109

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