Lancaster RoadAscot QLD 4007
Property Details for 1-5/309 Lancaster Rd, Ascot
1-5/309 Lancaster Rd, Ascot is a 11 bedroom, 6 bathroom House with 6 parking spaces. The property has a land size of 801m2.
Last Listing description (June 2024)
Expressions of Interest Closing Friday 12pm 3rd May 2024.
A unique offering of a brick constructed complex on 801m2 of prime Ascot land. Comprising of 4 two bedroom apartments, and 1 three storey 3 bedroom apartment, offering the potential to modernise and further increase investment return.
This could be the jewel in your property portfolio.
Apartment Information as follows:
UNIT 1 - 3 Bed 2.5 Bath 2 Car - periodic lease
UNIT 2 - 2 Bed 1 Bath 1 Car - vacant
UNIT 3 - 2 Bed 1 Bath 1 Car - periodic lease
UNIT 4 - 2 Bed 1 Bath 1 Car - periodic lease
UNIT 5 - 2 Bed 1 Bath 1 Car - periodic lease
Projected gross yearly rental income $146,000 - $159,035 p.a.
As you can see this block of apartments, in this prime blue chip location, presents a wonderful investment opportunity.
Features Include:
* Quick and easy access to both the City and the Airport
* Property in good condition with limited upkeep
* Minimal spend to further improve rental yield
* Located next to bus stops and close to city cat ferry/train line
* Ideal for land bank or Superfund acquisition
This fantastic property has been owned within the same family since 1994 and is now a surplus to their requirements and will be sold.
Own your own unit block in Brisbane's elite suburb of Ascot.
For further information please contact the team for an Information Memorandum.
**Disclaimer:** In preparing this information, we have used our best endeavours to ensure that the information contained therein is true and accurate, and accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein.
Property History for 1-5/309 Lancaster Rd, Ascot, QLD 4007
- 09 Apr 2024Listed for Sale Expressions of Interest Closing 12pm 3rd May 2024
Recent sales nearby
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0About Ascot 4007
The size of Ascot is approximately 2.8 square kilometres. There are 7 parks, covering nearly 34.1% of the total area. The population of Ascot in 2016 was 5777 people. By 2021 the population was 6531 showing a population growth of 13.0% in the area during that time. The predominant age group in Ascot is 30-39 years. Households in Ascot are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ascot work in a professional occupation.In 2021, 56.10% of the homes in Ascot were owner-occupied compared with 54.70% in 2016.
Ascot has 3,702 properties. Over the last 5 years, Houses in Ascot have seen a 50.65% increase in median value, while Units have seen a 119.15% increase. As at 31 May 2026:
- The median value for Houses in Ascot is $2,855,409 while the median value for Units is $1,014,056.
- Houses have a median rent of $1,295 while Units have a median rent of $670.
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