49 Derby Street, Coorparoo

A block of 5 freehold units, on an enormous 911m2 parcel of LMR2 zoned land, in coveted Coorparoo – a suburb that serves as a residential magnet for families seeking close proximity to top-performing schools, as well as professionals and medical practitioners wanting to remain within close reach of the CBD, Greenslopes and PA hospitals. Comprising 3x two bed, one bath, and 2x one bed, one bath flats, the epic opportunity here lies within the single title and its zoning, unlocking options to redevelop (STCA), land bank, add value, or approach as a potential goldmine in its current state. Estimated to fetch a lucrative yield, you simply cannot go wrong with this property as a long-term investment or otherwise, especially considering its close proximity to the 2032 Gabba Olympic Precinct, and its position amongst the local meccas of Coorparoo Square and Martha Street. - Lucrative earning potential estimated at approx. $119,000 p.a - Invest, land bank, add value or redevelop within 4.8km (approx.) radius from CBD - Steps from Coorparoo Square dining, grocers, retail & Dendy Cinemas - Walking distance from Martha Street boutiques & cafes - Walk to buses, easy access Coorparoo train station - Surrounded by elite schools including Churchie, Villanova & Loreto - Minutes from the Gabba Olympic precinct & major hospitals - Comprising 5 flats, each with a carport - 3x two bed, one bath flats - 2 x one bed, one bath flats - Communal laundry & external clothes line - Communal storage area and space for storage units - Enough yard space to add a communal pool or BBQ area for tenants - Vacant & ready to clear and redevelop (STCA)