Property Details: • Type: Block of Units

• Bedrooms: 10 • Bathrooms: 7

Description: Positioned at the very top of Paddington and Bardon's most tightly held streets, on the crest of the Paddington hills and just moments from prestigious Garfield Drive, 37 MacGregor Terrace offers a rare opportunity to secure a substantial 749m² inner-city landholding with immediate income and long-term upside. Elevated and strategically located approximately 4km from the Brisbane CBD, this blue-chip address sits within one of Brisbane's most tightly held residential pockets, where land of this scale and configuration is becoming increasingly scarce. The property currently comprises four fully self-contained dwellings (4 units), providing diversified and reliable cash flow while offering flexibility for investors, land-bankers or developers seeking a strategic acquisition in Brisbane's highly sought-after inner west. Importantly, the property has undergone two significant development stages and benefits from two substantial depreciation schedules already in place. This presents a valuable opportunity for purchasers to utilise existing tax-deductible depreciation allowances, potentially reducing taxable income and improving overall investment returns. Rental demand in Paddington and Bardon continues to significantly outweigh supply. A current CMA is available demonstrating that achievable rental returns exceed the present income. Key highlights include: Generous 749m² elevated land parcel in a blue-chip position Four income-producing residences (2 houses + 2 units) Approximately 4km from Brisbane CBD Excellent public transport via bus routes along MacGregor Terrace and Latrobe Terrace Within catchment for Rainworth State School, Ithaca Creek State School and Kelvin Grove State College Close proximity to leading private schools including Stuartholme School, Brisbane Grammar School and Brisbane Girls Grammar School Strong underlying land value in a proven inner-city growth corridor Significant depreciation benefits in place Clear rental uplift opportunity supported by current CMA Current Tenancies: 37A: 4 bed / 1 bath $700 p/w | Lease to 30/06/2026 37B: 2 bed / 2 bath $650 p/w | Lease to 22/02/2027 37C: 2 bed / 2 bath $550 p/w | Periodic tenancy 37D: 2 bed / 2 bath $550 p/w | Lease to 19/01/2027 Outgoings (approx. per quarter): Brisbane City Council Rates: $994 Water Service: $66 Sewerage: $188 With its combination of elevated positioning, established multi-income stream, depreciation advantages and clear rental growth potential, 37 MacGregor Terrace represents a compelling opportunity for astute investors and developers seeking both immediate returns and long-term capital growth in one of Brisbane's most tightly held hilltop precincts. For further information or to arrange a private inspection, please contact Ranal Charan on 0401 521 040.