10 & 12 Frederick Street, Alderley, QLD 4051 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
Under Contract

10 & 12 Frederick Street
Alderley QLD 4051

Bedrooms: 16
Bathrooms: 8
Car spaces: 8
Land area: 1214m2
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1,214m² OF BLUE CHIP ALDERLEY: TWO BRICK BLOCKS WITH CITY VIEWS AND DUAL FRONTAGE

Rarely does an opportunity of this magnitude and versatility present itself in such a blue-chip pocket. Offering two entire blocks of flats side-by-side on a prime 1,214m² amalgamated LMR2 allotment, this property represents a significant land holding with immediate rental upside and substantial future development potential.
Right in the heart of Alderley, the site offers a rare opportunity for the savvy buyer: a high-yield investment to hold with exceptional cash flow, a renovation project to add value, or a strategic site for future flagship redevelopment (STCA). Built to an exceptional standard, these two solid brick complexes are in immaculate condition, offering a low-maintenance asset profile that is well-placed to capitalize on Brisbane's tight rental market while you plan your next move.
Positioned just 5.5km from the CBD, the location boasts a commanding dual-street frontage onto Wakefield Street, capturing elevated city views and ensuring low vacancy rates and long-term capital appreciation through proximity to major infrastructure and lifestyle drivers.
Features:
• LMR2 Zoned 1,214m² Allotment: A substantial, relatively flat land footprint across two neat 607m² titles. Favorable zoning and a 60-meter total frontage provide a secure foundation for premium future redevelopment and long-term land banking.
• Impeccable Build Quality & Features: Comprising 8 two-bedroom units in total, the two solid brick structures boast an incredibly high standard of construction. Features include high ceilings, separate oversized garages, and independent downstairs laundries. With some units already renovated, the buildings are in excellent condition and designed for low-maintenance upkeep.
• Dual Street Frontage & City Views: Exceptional dual access via Frederick and Wakefield Streets optimizes any future design, while the elevated aspect unlocks striking, permanent views of the Brisbane CBD skyline, Brickworks and the beautiful treed suburbs of Brisbane
• High-Yield Holding Income: The property currently returns approx. $171,000 per annum, with an immediate market lease path to lift the yield substantially.
• Retail and Convenience: A flat 300m walk to Alderley Village and Coles, offering tenants or future home owners effortless, immediate access to everyday essential services, cafes, and dining options.
• Transport Connectivity: Just 300m walk to the Alderley Train Station alongside local bus interchanges, providing direct and frequent transit links straight to the Brisbane CBD for ultimate commuter convenience.
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Property Details for 10 & 12 Frederick St, Alderley

10 & 12 Frederick St, Alderley is a 16 bedroom, 8 bathroom BlockOfUnits with 8 parking spaces and was built in 1974. The property has a land size of 1214m2. The place is currently for sale with Ray White Alderley.

Building Type
BlockOfUnits
Year Built
1974
Land Size
1214m2
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About Alderley 4051

The size of Alderley is approximately 2.5 square kilometres. There are 11 parks, covering nearly 26.2% of the total area. The population of Alderley in 2016 was 6117 people. By 2021 the population was 6748 showing a population growth of 10.3% in the area during that time. The predominant age group in Alderley is 20-29 years. Households in Alderley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Alderley work in a professional occupation.In 2021, 57.60% of the homes in Alderley were owner-occupied compared with 56.20% in 2016.

Alderley has 3,743 properties. Over the last 5 years, Houses in Alderley have seen a 62.76% increase in median value, while Units have seen a 113.68% increase. As at 31 July 2026:

  • The median value for Houses in Alderley is $1,755,811 while the median value for Units is $898,646.
  • Houses have a median rent of $780 while Units have a median rent of $610.
There are currently 21 properties listed for sale, and 5 properties listed for rent in Alderley on OnTheHouse. According to Cotality's data, 133 properties were sold in the past 12 months in Alderley.

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Andrew Cowan
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PJ Cowan
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Ray White Alderley
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