54 Abbott Street

New Farm QLD 4005

Attention investors and developers... this is a unique opportunity to snap up a fantastic 5-pack unit block in the heart of New Farm!

Generating weekly returns of $1855 per week, this solid income producing asset offers a fabulous and unique chance to secure a New Farm building with 5 units on a 607m2 block!

Located on a quiet tree-lined street in New Farm, this property is bursting with potential. New Farm is one of Brisbane's most in-demand suburbs with strong property growth.

These units will always have strong rental demand as tenants can take advantage of the huge array of cafes, bars, boutiques and restaurants along both Brunswick Street and James Street. Entertainment options abound with the Powerhouse Theatre, New Farm Park, New Farm Bowls Club and Merthyr Bowls Club all in walking distance. Merthyr Village Shopping Centre is home to the awesome New Farm Deli plus a large Coles supermarket.

The Sydney Street Ferry Terminal is close by for a quick and easy CityCat ride or instead choose to stroll along the tranquil Riverwalk past Howard Smith Wharf and into the city centre.

The block features a communal grassed area with a clothesline maintained by the managing agent, and a large communal carport at the rear of the property which can fit up to three-car accommodation.

Located in a premium position of New Farm, this property is zoned LMR2.

This gold-mine of an opportunity at 54 Abbott Street, New Farm will be going to auction on Wednesday 7th of May at 3:00pm!

Current tenancy agreements:

Unit 1: Two-bedroom, one-bathroom, upper-level unit. Rented for $450 per week, lease expires on the 28/03/2026.
Unit 2: Two-bedroom, one-bathroom, upper-level unit. Rented for $430 per week, lease expires on the 25/01/2026.
Unit 3: One-bedroom, one-bathroom, lower-level unit. Rented for $330 per week, lease expires on the 14/05/2026.
Unit 4: One-bedroom, one-bathroom, lower-level unit. Rented for $375 per week, lease expires on 28/11/2025.
Unit 5: One-bedroom, one-bathroom, lower-level unit. Rented for $300 per week, lease expires on 18/08/2025.

BCC Rates - approx. $2,532 per quarter

**Due to QLD Legislation, we are unable to provide a price guide and would encourage buyers to do your own research around price and/or rental appraisals. To give all buyers equal opportunity, we DO NOT consider offers prior to auction**

Queensland Public Trustee is the business name of The Public Trustee of Queensland established under the Public Trustee Act 1978 (QLD).