44 Mascar StreetUpper Mount Gravatt QLD 4122
Property Details for 44 Mascar St, Upper Mount Gravatt
44 Mascar St, Upper Mount Gravatt is a 2 bedroom, 20 bathroom Unit with 18 parking spaces. The property has a land size of 727m2.
Last Listing description (January 2023)
Contact Agent for Full Information Memorandum
Comprising 14 apartments on a prime 727sqm block with an elevated north/south aspect, this building presents a sound investment for buyers wishing to add to their portfolio.
Only 6 years old and spanning 4 levels, the property features 29 bed, 29 bath* and 18 car, consisting of 1x 3 bed units and 13x 2 bed units.
With 8 apartments currently under the NRAS scheme, the property receives NRAS incentives of $89,348.48 per annum and a gross rental income of $351,376.48 per annum.
A high revenue-producing asset, ideal for investors or superannuation, each unit includes open plan living, air-conditioning, kitchen with stone benchtops, and a balcony taking in leafy hillside and mountains vistas.
Features include:
- Entire complex consisting of 14 apartments across 4 levels on 727sqm
- Only 6 years old and boasting an elevated north/south aspect
- 29 bed, 29 bath and 18 car in total
- 1x 94sqm 3 bed, 3 bath, 1 car units
- 13x 60sqm 2 bed, 2 bath, 1 car units
- Gross rental income: $348,672.48 per annum
- Tenant contribution: $259,324.00 per annum
- NRAS incentives (units 4-11): $89,348.48 per annum
- Communal rooftop enjoy stunning views over the mountains to the south
- Keypad access to the building and lift; 3x visitor parking spaces
Boasting an excellent position, residents can walk to local parks, bikeways and bus stops. Just 750m to Westfield Garden City, featuring exceptional shopping, dining, cinemas and bus interchange. Close to gyms, medical centres, petrol stations and supermarkets. Providing wonderful access to schools, Griffith University, hospitals, motorways and 16 minutes to the CBD this investment opportunity is not to be missed.
**** allows only 20 bathrooms to be advertised. Note that the property features a total of 29 bathrooms (16 being ensuites).
Disclaimer:
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.
Property History for 44 Mascar St, Upper Mount Gravatt, QLD 4122
- 11 Mar 2022Listed for Sale For Sale
- 19 Feb 2020Listed for Rent $336 / week
- 06 Jan 2020Listed for Rent $380 / week
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0About Upper Mount Gravatt 4122
The size of Upper Mount Gravatt is approximately 4.3 square kilometres. It has 11 parks covering nearly 5.9% of total area. The population of Upper Mount Gravatt in 2016 was 9241 people. By 2021 the population was 10800 showing a population growth of 16.9% in the area during that time. The predominant age group in Upper Mount Gravatt is 20-29 years. Households in Upper Mount Gravatt are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Mount Gravatt work in a professional occupation.In 2021, 51.40% of the homes in Upper Mount Gravatt were owner-occupied compared with 56.20% in 2016.
Upper Mount Gravatt has 5,559 properties. Over the last 5 years, Houses in Upper Mount Gravatt have seen a 98.84% increase in median value, while Units have seen a 81.03% increase. As at 30 November 2025:
- The median value for Houses in Upper Mount Gravatt is $1,278,475 while the median value for Units is $713,615.
- Houses have a median rent of $675 while Units have a median rent of $660.
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