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.