250 Sir Fred Schonell Drive, ST LUCIA, Queensland, 4067

  • 8
  • 5
  • 4

Sold

Sold for $1,197,000 (Jul 30, 2019)

Big INCOME with even Bigger Potential!

People say that luck is simply preparation meeting opportunity and come August 17th @ 11.30am Raine & Horne will proudly be Auctioning off a gold mine of an opportunity that is 250 Sir Fred Schonell Drive, St Lucia.

This 8 Bed, 5 Bath, 4 Car behemoth of a building is currently being rented out on a single lease for an impressive $1580 per week, equating to a tick over $87,000 in gross rent each year.

Situated on Sir Fred Schonell Drive accessibility is King! Turn left out of the driveway and you are in the heart of the University of Queensland Campus, turn right and you are only 2 turns and 10 minutes away from the city. Bus stops are practically on your door step and the Guyatt Park Ferry Terminal is only 500m away.

UQ ranks among the world’s top universities, as measured by several key independent rankings, including the CWTS Leiden Ranking 2018 (37)*, the Performance Ranking of Scientific Papers for World Universities (43), U.S. News Best Global Universities Rankings (42), QS World University Rankings (48), Academic Ranking of World Universities (55), and Times Higher Education World University Rankings (69).

Each year the University is growing in size and reputation, in 2018 the University of Queensland had over 50,000 students enrolled and just over 6600 staff members. With 250 Sir Fred Schonell literally across the road from the University the property will not only provide you with an immediate and desirable cash flow but will also remain pristinely positioned for any futures developments that you might have in mind (STCA)

250 Sir Fred Schonell Drive is an opportunity too good to pass don’t leave it up to luck, Inspect now!

Auction 17th August if not sold prior.

We Know Your Area

R&H Suburb Profile: St Lucia

R&H Suburb Summary Houses
Number of sales 67
Average Price $1,244,758
Median Price $1,128,800
Median Rental Price $650 p.w.
Change in Rental Rate (5yr) 8 %
R&H Suburb Summary Units
Number of sales 132
Average Price $545,073
Median Price $480,000
Median Rental Price $440 p.w.
Change in Rental Rate (5yr) -4 %
St Lucia, QLD - Median Trend