7 Mein Street

Hendra QLD 4011

Auction Saturday, 29th August @ 11.00am on-site!! A rare opportunity to secure a blue-chip investment in a tightly held precinct, this entire block of 7 units is going to auction and will be sold, presenting an exceptional opportunity for investors, developers and land bankers to secure a substantial landholding with immediate upside and outstanding long-term potential. With clear instructions from the seller, buyers can bid with confidence knowing this is an opportunity that demandsimmediate action.Positioned in a prestigious Hendra location backing directly onto Eagle Farm Racecourse, the property will be offered with vacant possession, allowing the successful purchaser to immediately re-lease, refurbish, demolish or pursue future redevelopment (STCA) without the constraints of existing tenancies.Occupying a 683sqm parcel across 2 lots with over 20 metres of frontage to both the street and the racecourse, the non-strata complex comprises 6x 1-bedroom, 1-bathroom units and 1x 2-bedroom, 1-bathroom unit, each with its own dedicated parking space and no body corporate fees. When fully tenanted, the property generated just under $114,000 per annum, providing a benchmark for future income while highlighting the opportunity to unlock even greater rental returns.With uninterrupted green outlooks across Eagle Farm Racecourse and front-row seats to race-day action, the setting is as unique as it is valuable. Residents can walk to local cafes and restaurants, while the shopping and dining precincts of Racecourse Village, Racecourse Road and Portside Wharf are only moments away. Bus stops and Hendra train station are just 650m from the door, Brisbane CBD is 7km away, and Brisbane Airport is 11 minutesaway. The address also benefits from the Hendra State School catchment and proximity to leading private schools and childcare centres.Entire unit blocks in this calibre of location are exceptionally rare, and opportunities to purchase with vacant possession are rarer still. After a previous campaign, the seller's instructions are clear - this property is committed to auction and will change hands. With exceptional flexibility, significant value-add potential and outstanding future possibilities, this is a compelling opportunity to secure immediate control of a blue-chip asset.Property features:- Blue-chip investment opportunity on 683sqm on 2 lots- No body corporate fees, non-strata complex- Previously returning just under $114,000 per annum- Site will be sold with vacant possession- Opportunity to refurbish or demolish (STCA)- 7-unit block backing onto Eagle Farm Racecourse- 6x 1-bed 1-bath units and 1x 2-bed 1-bath unit- Over 20 metres frontage to the street and racetrackContact Nick Kouparitsas on 0406 564 619 or Claudia Rocha on 0413 939 470 today to arrange your inspection or discuss how this outstanding property can secure your place in one of Hendra's most tightly held streets.*We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.*This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.