Inspection by Appointment

5 FLATS – GREAT LOCATION & FANTASTIC RETURN

Located in a great Kelvin Grove location being close to QUT Kelvin Grove, Royal Brisbane Hospital and local amenities, this well maintained and easily tenanted complex consists of 5 x 2 bedroom, 1 bathroom flats. This provides the astute investor a magnificent opportunity for long term capital gain with exceptional income.

Property features:
– LMR Zoning – Potential to further develop (STCA)
– Land size 787sqm with 19.7 metres frontage
– Single title – No body corporate making an easy investment
– Gross rental income approx $70,000 per year
– Potential to renovate flats to increase rental return
– Currently fully tenanted – Consistent low vacancy rates
– Recently re-roofed and re-painted outside
– Walking distance to parks, cafes and the Kelvin Grove Village
– Only 3 kms north from Brisbane CBD

Unit 1 – $240 per week (good long term tenant)
Unit 2 – $280 per week
Unit 3 – $270 per week
Unit 4 – $280 per week
Unit 5 – $260 per week (good long term tenant)

Council Rates: $1,256 per quarter (excluding water and sewerage)

Great Investment Opportunity – DON’T MISS IT!

Please call Mark Gri on 0447 799 926 or email markgri@hjre.com.au for further information.

Mark Gri

Property Sales Consultant

0447 799 926

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