Consider this a unique investment opportunity - a car park for sale right in the heart of Brisbane's bustling CBD! Strategically located at 154/28 Astor Terrace, this highly prized possession sits comfortably on the top level, a perfect spot away from the city's bustling ground activity.
Currently, the owners are selling a single spot but are also open to negotiations for two car parks together. An investment that certainly offers flexibility and opportunity to increase your parking real estate footprint!
Key Financials
Body Corporate Fee: $256.95 per 6 months
Annual Rates: $268.90 per year
Location, Location, Location
Perfectly positioned, the car park is merely a 600m stroll away from the well-renowned Queen Street Mall and just 1.1km from Brisbane Grammar. Shopping, work, and education - you have it all within walking distance.
Current and Future Rental Potential
Presently, one car park is under lease for $270 per month, slightly below market value due to an arrangement with a friend. However, the realistic rental estimate for this prime spot is between $400 - $610 per month.
Embrace this opportunity to acquire a tangible asset with a steady income in one of the most vibrant and active areas of Brisbane City. Whether you're an investor looking for a reliable return or simply desiring a guaranteed spot in the city, this car park offering is not to be overlooked.
All serious offers will be considered, so feel free to get in touch to discuss this excellent opportunity. This could be the investment you've been waiting for!
The size of Spring Hill is approximately 1.3 square kilometres. It has 7 parks covering nearly 19.6% of total area. The population of Spring Hill in 2016 was 5974 people. By 2021 the population was 6593 showing a population growth of 10.4% in the area during that time. The predominant age group in Spring Hill is 20-29 years. Households in Spring Hill are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Spring Hill work in a professional occupation.In 2021, 30.00% of the homes in Spring Hill were owner-occupied compared with 29.90% in 2016.
Spring Hill has 5,428 properties. Over the last 5 years, Houses in Spring Hill have seen a 80.02% increase in median value, while Units have seen a 93.56% increase. As at 31 March 2026:
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