{"Slug":"block-of-units-1-5-173-ashgrove-avenue-ashgrove-qld-4060","CanonicalUrl":"https://realsearch.com.au/block-of-units-1-5-173-ashgrove-avenue-ashgrove-qld-4060","Address":"1-5/173 Ashgrove Avenue, Ashgrove, Qld 4060","Suburb":"Ashgrove","State":"QLD","Postcode":"4060","PropertyType":"Block Of Units","Status":"For Sale","Headline":null,"Description":"A genuinely rare investment opportunity in one of Brisbane's most tightly held inner-city suburbs, 1-5/173 Ashgrove Avenue, Ashgrove presents five separate flats generating a combined rental income of approximately $2,265 per week - equivalent to $117,780 per annum in gross rental income*.Offering immediate cash flow, diversified rental income and exciting long-term potential, this is an opportunity likely to appeal to investors looking beyond the traditional single-dwelling investment.The property comprises:•\t3 x one-bedroom flats, each with 1 bathroom and 1 car space•\t1 x two-bedroom flat with 1 bathroom and 1 car space•\t1 x three-bedroom flat with 1 bathroom and 1 car spaceWith five individual rental streams, the property provides the added benefit of income diversification, reducing reliance on a single tenancy and creating an attractive foundation for a substantial long-term investment.Strong Income Today - Potential for TomorrowCurrently returning approximately $117,780 gross per annum*, the property provides investors with an established income from day one.Beyond its current return, the property offers scope for a future owner to explore opportunities to further enhance its performance over time. This may include reviewing rental returns as tenancies change, cosmetic improvements or refurbishment of individual flats, and investigating the longer-term possibilities available for the site, all subject to the relevant approvals, planning requirements and buyer due diligence.For investors with a long-term outlook, the combination of five income-producing residences, an inner-city landholding and a highly desirable Ashgrove address creates a compelling proposition.Ashgrove is one of Brisbane's most established and consistently sought-after inner-western suburbs, renowned for its leafy streets, character homes and exceptional proximity to the city.Residents enjoy convenient access to the Ashgrove shopping and café precinct, supermarkets, restaurants, parks, sporting facilities and public transport, together with easy connections to neighbouring Red Hill, Paddington, Bardon, Newmarket and The Gap.The Brisbane CBD is only a short distance away, while the surrounding area offers access to a number of highly regarded schools, employment hubs, medical facilities and lifestyle amenities - all important factors underpinning ongoing tenant demand.Positioned for Brisbane's Next ChapterFurther enhancing the property's long-term appeal is its proximity to the future Victoria Park Olympic and Paralympic precinct, one of the most significant infrastructure and sporting projects planned for Brisbane in the lead-up to the 2032 Olympic and Paralympic Games.The transformation of the broader Victoria Park area is expected to deliver major new sporting, entertainment, public-space and transport infrastructure, placing surrounding inner-city suburbs in an increasingly prominent position.For investors, Ashgrove's location provides the opportunity to hold an established income-producing property within easy reach of a precinct set to attract substantial investment, visitors and international attention in the years approaching 2032 and beyond.Investment Highlights•\tFive separate income-producing flats•\tApproximately $2,265 per week combined rental income•\tApproximately $117,780 gross annual rental income*•\tFive individual income streams•\t3 x 1 bedroom, 1 bathroom, 1 car•\t1 x 2 bedroom, 1 bathroom, 1 car•\t1 x 3 bedroom, 1 bathroom, 1 car•\tEstablished rental income from day one•\tOpportunity to review and enhance rental returns over time•\tPotential to refurbish and reposition individual residences•\tLonger-term site potential to investigate, subject to all relevant approvals•\tHighly sought-after inner-city Ashgrove location•\tClose to shopping, cafés, schools, parks and public transport•\tEasy access to Brisbane CBD, Paddington, Red Hill, Bardon and Newmarket•\tWell positioned in relation to Brisbane's future Victoria Park Olympic precinctFive residences. Five income streams. More than $117,000 in gross annual rent - all in one of Brisbane's most desirable inner-city locations.*Rental figures are based on current combined weekly rents of approximately $2,265 and are subject to change. Buyers should undertake their own due diligence regarding rental income, planning, approvals and future use of the property.","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"By Negotiation"},"Bedrooms":"8","Bathrooms":"5","Parking":"5","Features":[{"Name":"Bedrooms","Value":"8"},{"Name":"Bathrooms","Value":"5"},{"Name":"Carports","Value":"5"},{"Name":"Area","Value":"797 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-27.43796234,"Longitude":153.00305887,"Agent":{"Name":"Taryn  Phillips","CanonicalUrl":"https://realsearch.com.au/agent/taryn-phillips"},"Agency":{"Name":"Priority Residential - Brisbane","CanonicalUrl":"https://realsearch.com.au/agency/priority-residential-brisbane"},"CreatedAt":"2026-10-19T07:19:23.4677724","UpdatedAt":"2026-10-19T07:19:23.4973829"}