29 Galway Street, Greenslopes, Qld 4120

Auction Location: Onsite & Online via Auctions Live

On a single title of 819sqm, this two-storey brick veneer building holds ten bedrooms and five bathrooms across five separate kitchen and living zones, all under the one Greenslopes address. Offering a strong rental return of more than $120,000 a year, this is a set-and-forget investment that guarantees consistent returns within a growing inner-city suburb.

• 10 bedrooms and 5 bathrooms across two levels, all under one title
• 6 secure car spaces, well suited to multiple simultaneous tenancies
• 819 square metres of land, close to Greenslopes Private Hospital and the Logan Road shopping and transport strip
• An existing income stream in place, with scope to review and grow returns
• Subdivision and redevelopment potential, subject to council approval

Each of the five living zones opens onto its own kitchen and dining space, giving tenants genuine separation rather than a share house arrangement bolted together after the fact. Built-in wardrobes run through the bedrooms, split system air conditioning is fitted throughout, and the upper level opens onto a shared balcony spanning the width of the building. Downstairs, laundry facilities are duplicated to match, and six secure car spaces sit to the rear, a practical detail when several households are coming and going under the one roof.

Nestled in the heart of the inner city, Greenslopes is as sought-after as it is convenient.

• 600m / 8 min walk - Greenslopes Mall and IGA (Chatsworth Road)
• 600m / 8 min walk - Greenslopes State School
• 650m / 8 min walk - Greenslopes Private Hospital
• 1.2km / 15 min drive – Thompson Estate Reserve
• 1.2km / 3 min drive - Greenslopes Busway Station (express CBD services)
• 1.5km / 4 min drive - Stones Corner Village (cafes, restaurants and specialty shops)
• Easy access to the Pacific Motorway

Beyond its current use, the site itself is worth a second look. Comparable landholdings in Greenslopes carry low-medium density residential zoning permitting development up to three storeys, and the vendor has flagged subdivision and redevelopment as a genuine option here, subject to council approval and a buyer's own planning advice. Whether the appeal is the existing income, the site itself, or both, this is a property that rewards more than a passing glance.

Contact Kos for more information.

All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must rely on their own enquiries. Images and/or descriptions may have been digitally enhanced or altered for marketing purposes and may not accurately represent the current condition of the property.

Desma Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 33 628 090 951 / 21 107 068 020

Type

Block Of Units

Bedrooms

10

Bathrooms

5

Parkings

6

Area

819 m²