Fully Leased Retail Centre, DA Approved for 4 Storey Unit Complex (Approved for 11 Units+Retail Shop)
14 Blackwood Street, Mitchelton presents a rare chance to acquire a freehold property with strong holding income and Development Approval for a boutique mixed-use project.
Set on 1,174 sqm of Major Centre zoned land, the property sits within a thriving hub of retail, medical, dining, and residential. With 100% tenancy occupancy and future development approval already in place, this asset is ideal for both investors and developers.
Key Features:
1,174 sqm freehold land parcel
Existing improvements: 3 retail shops, house, and storage sheds
442 sqm total building area, fully leased with no impediments
Gross income: $119,604 + GST per annum | Outgoings: approx. $27-$28k.
Development Approval: 11 units + 1 retail shop (180 sqm)
8 x 3-bedroom units
3 x 2-bedroom units
4 levels including ground floor retail
Major Centre zoning with flexibility for a wide range of future uses
Prime location within Brisbane's inner-north west, only 15 mins to CBD
Location Highlights:
Walking distance to Mitchelton Train Station and Brookside Shopping Centre
3 mins to Enoggera Gallipoli Barracks
Thriving commercial and residential precinct with strong daily activity
This opportunity in one of Brisbane's most dynamic growth corridors. Whether you're seeking strong returns today or development upside tomorrow, 14 Blackwood Street ticks all the boxes.
Contact Dennis You 0472 789 847 or email dennis.you@yong.com.au
Contact Peter Huang 0418 888 889 or email peter.huang@yong.com.au
Contact The Agent
Dennis You
Commercial Sales Agent
