523 Vulture Street EEast Brisbane QLD 4169
Property Details for 523 Vulture St E, East Brisbane
523 Vulture St E, East Brisbane is a 12 bedroom, 4 bathroom Unit with 6 parking spaces and was built in 1945. The property has a land size of 584m2 and floor size of 147m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (January 2022)
Thoroughly unique and truly spectacular, this block of units is in an unrivalled and distinctive lifestyle locations, and landmark opportunity. Exceptionally scarce, this entire block of four units is an exciting prospect for the savvy investor to capitalise on this. With 12 bedrooms and 4 bathrooms, 4 formal dining areas and 4 kitchens, cleverly separated into two levels, you will benefit from this incredible blue-chip location with strong capital growth. Currently generating a rental income of $100,000+* per annum, this renovated delight has proven rental records for years, offering an incrdible rental return.
Both levels generate rental income, currently split into four separate leases. There is further opportunity for capital growth with the well sized block able to accommodate an extension to the currently building or additional dwellings (^STCA).
Key Attributes:
- Blue chip location with strong capital growth
- Fully leased, generating a rental gross income of $100,416* per annum
- Zoning: CR2 Character Residential (CR) infill housing
- 12 bedrooms, 4 bathrooms, 4 formal dining areas, 4 kitchens
- Incredible rental return with proven rental records for years
- Potential to convert to commercial premises^
- Potential to extension to the currently building or additional dwellings^
- Bus stop right in front of house
- Less than 2.5km to Brisbane CBD*
- Walking distance to "The Gabba" - perfect spot to enjoy the 2023 Olympics
- Immediate access to Brisbane Airport and local amenities via Clem 7 tunnel
- Offers prior to auction are encouraged
The "walk to everything" lifestyle location is situated just 600 metres from the vibrant Woolloongabba grounds, and extremely close to the CBD. You're only a moments' walk from Mowbray Park City Cat Terminal, with easy and convenient access to boutique shops, eateries and all the New Farm, Riverside and Brisbane CBD has to offer. With Stanley Street Caf and restaurant precinct also within walking distance, you have delicacies galore on offer, plus the Gabba nearby for the sporting enthusiast. With direct access to the CBD (only 2.5km away), you can get to Brisbane Airport and local amenities via the Clem 7 Tunnel, or head to the Gold Coast for a weekend away. This is an incredible opportunity and will be snapped up- don't hesitate, contact Rick Chen & Eric Li today to arrange a private inspection prior to onsite Auction - 4th December 2021 at 1:30pm.
THIS AUCTION WILL BE HELD ON-SITE.
*approximately
^Subject to Council Approval
**SOLD AS A WHOLE**
**All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries**
Property History for 523 Vulture St E, East Brisbane, QLD 4169
- 04 Dec 2021Sold for $1,600,001
- 12 Nov 2021Listed for Sale Under Contract
- 01 Jul 2015Listed for Rent $395 / week
Recent sales nearby
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About East Brisbane 4169
The size of East Brisbane is approximately 2.0 square kilometres. There are 10 parks, covering nearly 8.6% of the total area. The population of East Brisbane in 2016 was 5934 people. By 2021 the population was 6186 showing a population growth of 4.2% in the area during that time. The predominant age group in East Brisbane is 20-29 years. Households in East Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Brisbane work in a professional occupation.In 2021, 42.00% of the homes in East Brisbane were owner-occupied compared with 40.70% in 2016.
East Brisbane has 3,868 properties. Over the last 5 years, Houses in East Brisbane have seen a 55.85% increase in median value, while Units have seen a 94.04% increase. As at 30 June 2026:
- The median value for Houses in East Brisbane is $1,677,613 while the median value for Units is $918,239.
- Houses have a median rent of $850 while Units have a median rent of $650.
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