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49 Derby Street, Coorparoo


UNDER CONTRACT - 5 flats on 911m2 of LMR2 zoned land - A Goldmine investment or redevelopment opportunity

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)

Real Estate Agent
Real Estate Agent
Property information
Property ID
Property type
Block Of Units
Land size
911.0 sqm
Council rates
$1967.65 per quarter
Water rates
$1249.15 per quarter

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Thank you for your interest in 49 Derby Street, Coorparoo QLD 4151. To receive a copy of the contract via email, please fill in your details below.

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Get to know the area

Welcoming and homely Coorparoo maintains an intriguing balance of old and new. With enduring character-rich homes and entertainment and lifestyle developments on their way in, Coorparoo is beginning to shine and families are loving it.

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Led by Co-principals John Cassimatis and Jonathan Harper-Hill, Belle Property Coorparoo delivers premium service to the Coorparoo, Camp Hill, Greenslopes, Holland Park, Mount Gravatt, Holland Park West and Tarragindi areas.

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