86 Upper Lancaster Road, Hamilton, Qld 4007

Offers over $3,000,000

Block Of Units
Type
8
Bedrooms
4
Bathrooms
4
Parkings
607 m²
Area

Published on Wednesday, September 23, 2026 ( See property details for 86 Upper Lancaster Road, Hamilton, Qld 4007)

Offers over $3,000,000

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

A rare investment opportunity featuring four well-maintained, north-facing units in a prime Ascot location with strong rental returns.

🏡 Property Highlights

  • Prime location in the heart of Ascot, close to key amenities
  • Consists of 4 separate 2-bedroom units on individual titles
  • Strong rental income of $2,160 per week with long-term tenants
  • North-facing 607m² allotment with 15m frontage
  • Neat and functional units with balconies, garages, and laundry
  • Within Ascot State School catchment area

✨ Key Features

  • Garage
  • Balcony
  • Laundry
  • Storage
  • Separate Titles
  • North Facing
  • Near Park
  • Close to Racecourse
  • Long-term Tenants
  • Functional Design

Ascot is a prestigious Brisbane suburb renowned for its elegant homes, proximity to racecourses, and vibrant local amenities. It offers excellent walkability, a family-friendly atmosphere, and easy access to parks and shopping precincts. The area is highly sought after for both lifestyle and investment purposes, making it an ideal location for discerning buyers. With its close-knit community and premium amenities, Ascot provides a desirable and convenient lifestyle.

What is the current rental income and tenancy status of the units?
The property generates $2,160 per week in rental income, with all four units currently tenanted until mid to late 2027, providing stable income for investors.
Are there any planning or development restrictions on the property?
The property is on separate titles and situated on a 607m² north-facing allotment, with no known planning restrictions; however, buyers should verify with local council for any specific zoning or development controls.
What are the key features of the units?
Each unit features a balcony, garage, laundry, and a functional design, making them attractive for tenants and easy to maintain.
Is the property suitable for future redevelopment or expansion?
The property’s large north-facing allotment and separate titles offer potential for redevelopment or expansion, subject to council approval.
What amenities are nearby?
The property is within walking distance to Oriel Park, Eagle Farm Racecourse, and the Racecourse Road shopping precinct, providing convenient access to parks, entertainment, and retail options.
Are there any upcoming or planned developments in the area that could affect the property's value or appeal? What are the total ongoing costs, including council rates, body corporate fees (if applicable), and maintenance? Are there any restrictions or easements on the property that could impact future use or development? Has the property been inspected for structural issues or pests? Are there any known issues with the building's compliance or safety standards? Is there any history of flooding or bushfire risk in this area? Are there any strata or body corporate arrangements, and what are the associated fees and rules? What is the condition of the units' fixtures and fittings, and are any renovations required? Are there any restrictions on renting or leasing the units? What are the long-term plans for the surrounding neighbourhood that could influence property value?

86 Upper Lancaster Road, Hamilton, Qld 4007 - More Details

Offers over $3,000,000

This is a rare opportunity in the heart of Ascot and within the Ascot State School catchment. The building consists of 4 x 2 bedroom units on separate titles which are collectively achieving $2,160/week in rent. The units are neat & tidy with similar functional designs which include a balcony, garage, storage and laundry. The last Tenancy expires on the 14/10/2027. Unit 1 is tenanted at $560/week until 16/08/2027, unit 2 is tenanted at $520/week until 18/07/2027, unit 3 is tenanted at $520/week until 8/08/2027 and unit 4 is tenanted at $560/week until 14/10/2027. The building resides on a near perfect north facing allotment with 15m frontage and is within a short walk to key Ascot amenities including Oriel Park, Eagle Farm Racecourse and the Racecourse Road shopping precinct. This is a flexible investment defined by its location and large north facing 607m² allotment.



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Type
Block Of Units
Bedrooms
8
Bathrooms
4
Parkings
4
Area
607 m²

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