98 Vernon Street, Nundah, Qld 4012

Held by the same owner for the past 25 years, this entire block of five spacious units presents a great opportunity for an investor looking beyond the usual single-property purchase.

Set on a flat 809m² parcel of land, the property is currently leased and returning $113,880 p.a. gross, with plenty of flexibility in how you choose to approach it now — and into the future.

The five units are generously proportioned, with two 2-bedroom units and three 1-bedroom units. Each has a car space, laundry area and front and rear access. Unit 1 has also recently had a full kitchen renovation.

The units are comfortable as they are, while offering scope to make improvements over time if and when you choose. You could simply retain the whole block as one investment, gradually renovate and improve the units, or explore the possibility of strata titling and selling individually, subject to the relevant approvals.

And then there is the land.
With 809m² on one title there may also be an opportunity to explore future redevelopment options, subject to council approvals - It’s a property with plenty of options — and that’s exactly what makes it interesting.

Info & insights
- 1970s block of 5 spacious units
- 809m² flat parcel of land / one lot / one title
- 2 × 2-bedroom, 1-bathroom, 1-car units
- 3 × 1-bedroom, 1-bathroom, 1-car units
- Long-term tenants / current gross income of $113,880 p.a. (future scope to improve)
- Separate hot water meter, individual parking and laundry areas
- Front and rear access / Storage
- Unit 1 recently had a new kitchen install
- Walk to Nundah Village, train station and local amenities
- Approximately 5-10 minutes to DFO, Brisbane Airport and major arterial roads
- Potential to retain, improve, strata title or explore future redevelopment (STCA)

Neighbourhood advice:
Tucked away in a peaceful, leafy pocket of Nundah, you're close to Nundah Village, transport and everyday amenities, while also being just 5–10 minutes from DFO, Brisbane Airport and major arterial roads. It’s a location that offers easy access in all directions — making it appealing to tenants and adding to the flexibility of the investment.

*This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes*

*For Sale ON or BEFORE Auction - 31st October 2026 - On-site*

Type

Block Of Units

Bedrooms

7

Bathrooms

5

Parkings

5

Area

809 m²

House Size

304 m²