10 Kildonan Street

Income Today, Opportunity Tomorrow

Presenting an exceptional opportunity to secure a high-yielding residential investment with redevelopment potential (STCA), 10 Kildonan Street combines immediate income with long-term upside in an established Aspley location.

Comprising five fully tenanted, self-contained units on a single freehold title, the property generates approximately $130,000 in current annual income. Long-term tenancies with staggered lease expiries provide greater income stability.

Extensively renovated and structurally refurbished, the property offers investors a substantially upgraded, low-maintenance asset with no body corporate levies. Specifically designed for, and Council-approved as Rooming Accommodation, each unit has renovated kitchens, bathrooms, and finishes throughout. Each unit also features air conditioning, separate hot water systems, and individual electrical submetering as well as its own private outdoor area.

Occupying an elevated 908sqm allotment with over 28 metres of street frontage and no underground services, the property also presents compelling future subdivision and redevelopment potential (STCA), supported by established local precedents.

A comprehensive Information Memorandum, including financials, tenancy information, approvals and supporting sales evidence, is available upon request.

PROPERTY HIGHLIGHTS

• Fully tenanted on long-term leases with staggered lease expiries
• Five fully self-contained units, each with its own private outdoor area and car space
• High yield of approximately $130,000 in current annual income
• Air-con, hot water system, and electricity sub-metering to each unit
• One freehold title: No body corporate levies
• Council-approved rooming accommodation
• Consistently fast reletting history
• Extensively renovated and structurally refurbished throughout
• Fully renovated throughout: Purpose-designed and built for Rooming Accommodation
• Large communal areas featuring an in ground swimming pool
• Elevated 908sqm parcel with 28+ metres of frontage
• Strong future subdivision and redevelopment potential (STCA)
• Convenient to Westfield Chermside, public transport, schools and hospitals

Combining substantial rental income with low ongoing holding costs, this property presents an attractive long-term investment, offering the added benefit of significant underlying land value and future redevelopment potential.

Contact Caleb Mayberry of Ray White Ascot for further information or to arrange an inspection.

Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.