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Description: Block of 2 Units For Sale
Positioned on a generous 574sqm parcel, this charming 1962 constructed mid-century block of two units presents a rare and compelling opportunity for investors, renovators, new home builders or those seeking a unique slice of architectural character.
Held under seldom-available company title ownership, the property offers two well-proportioned two-bedroom brick residences, each reflecting the clean lines and solid construction synonymous with the mid-century era. High raked ceilings, clerestory windows, large window and door glazing, and functional layouts provide an excellent foundation for tasteful updates or continued rental income as-is. In recent years Solar panels have been installed.
Set on a sizeable allotment on exclusive Goldieslie Rd, in the highly sought Indooroopilly school catchment, this wonderful opportunity offers scope to enhance value, particularly for buyers wanting to capitalise on location, land size with no history of flooding (BCC Flood Mapping) and expected long-term growth potential. Whether you choose to modernise, lease, develop (STCA) or landbank, opportunities like this are increasingly hard to find.
Key Features:
- Boutique block of only two units
- Each unit comprises two bedrooms, one bathroom with practical floorplans
- Solid 1962 mid-century construction
- Generous 574sqm landholding
- Rare company title ownership
- Scope to renovate, enhance, develop (STCA) or invest
Key Aspects of Company Ownership:
Ownership Structure: Owners are shareholders in ‘Aranui Home Units Ltd’. The company owns the entire building, and shareholding equals the purchase price of the unit.
History: Mid Century designed and constructed in 1962, the building utilized slab construction, brick veneer and iron roofing with a common walkway separating the two units.
Company Title: Unlike strata title, company title often requires approval from the company board for sales or renovations. The company manages common areas, rates, and maintenance.
Longevity: Despite the introduction of strata titles in Queensland in 1965, ‘Aranui’ has maintained its original company title structure. When purchasing under the current structure in Queensland, there is currently no Stamp Duty payable as you would be purchasing shares.
Options: This property now offers the opportunity to purchase under a company title and then remain that way should that be the objective. Alternatively, one could strata title away from the existing company title structure or demolish the existing buildings and construct a new home.
Current tenancies:
8A Rent $590 per week Bond $2,360 Lease Expiry 18/12/26 (Last increase 19/12/25)
8B Rent $590 per week Bond $2,360 Lease Expiry 30/06/26 (Last increase 30/06/25)
A unique offering combining character, flexibility, and future upside.
This is a property not to be missed.
Please contact Martin Hood to secure more information about this property.
DISCLAIMER: Photos shown were taken prior to the current tenancy and may differ slightly from the property's current presentation. Whilst every care has been taken to ensure the accuracy of the information provided, no responsibility is accepted for any errors or omissions. Interested parties are encouraged to make their own enquiries and rely on their own due diligence, including obtaining independent advice in relation to matters such as flood risk and insurance.
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