26 Somervell Street, Annerley QLD 4103

Block of 6 Units on 810sqm zoned LMR2

Block Of Units - Annerley QLD

This fully tenanted block of 6 internal units on 810sqm (2 titles of 405sqm each) and zoned LMR2 Low-medium density residential (2 or 3 storey mix) is offered for sale to the astute investor looking for strong rental return and redevelopment growth potential.

Please read the entire listing for answers to most questions.
Note – Video Inspection available, please submit an enquiry.

Built pre war with a total annual gross rental income of around $103,000 and no body corporate you will be fully in control of your investment. Further cosmetic renovations could increase your return, or you could look to redevelop the site.

Unit 1 – $350pw
2 bed, 1 bath + Study
Lease End 2/5/26

Unit 2 – $330pw
2 bed, 1 bath
Lease End 6/2/26

Unit 3 – $300pw
2 bed, 1 bath
Lease End 23/7/26

Unit 4 – $300pw
1 bed, 1 bath or 2 bed combined living area.
External Bathroom
Lease End 28/1/26

Unit 5 – $400pw
2 bed, 1 bath
Lease End 3/7/26

Unit 6 – $300pw
1 bed, 1 bath or 2 bed combined living area.
Lease End 3/11/26

Current Yield
$1,980 per week /
$102,960 per year

• 810sqm consisting of 2 titles of 405sqm each.
• Separate electricity meters, combined water.
• BCC Rates approx $2,113 per quarter
• Water approx $1,687 per quarter (not separately metered).
• No Body Corporate Fees

Located in a great pocket of Annerley the units are walking distance to public transport (Fairfield Train Station) and Ipswich Road. Close to cafes, shops, eateries, kindergarten/childcare services and schools, as well as easy access to major arterials.
An 8-minute drive to the City and a 10-minute drive to Southbank.

For Sale Now.

Provide your details for access to
– Disclosure Statement.
– Private video inspection link.
– Offer Document.

Note physical inspections are available AFTER viewing the inspection link and submitting an EOI.

Acceptable Terms
• 7 Business days Building and Pest
• 10 Business days Finance.
• 30 Day Settlement

Recent Sales yields of apartment blocks for information purposes only –

412 Annerley Road, Annerley
4.31% Return
$1,500,000
Sold May 2025
708sqm
3 x 2 bed units
Gross rental return $64,740
Weatherboard Walk Up

752 Ipswich Road, Annerley
4.81% Return
$1,917,000
Sold on 31 Mar 2025
809m2
Unit Details (Separately titled)
– 1 x 4-bed / 1-bath / 2-car
– 3 x 2-bed / 1-bath / 1-car
– 1 x 1-bed / 1-bath / 1-car
Gross rental return $92,300 per year
Brick and tile walk up.

*Note Images have been modified with AI for tenant privacy.