$1,550,000

67 Colston Road, Grange QLD 4051

8 Bed

8 Bath

12 Car

607 m²

$1,550,000

67 Colston Road, Grange QLD 4051

8 Bed

8 Bath

12 Car

607 m²

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Entire Block of 8 Units - For Sale

Expressions of Interest

This 3 level cavity brick complex contains 8 x 1 bedroom units are ideally located close to shops and transport - open plan combined lounge and dining with access to front balcony - kitchen with breakfast bar - large main bedroom with built-ins and access to rear balcony with district views - clean and tidy bathrooms - plenty of storage - grassed communal area at rear with clotheslines - undercover car accommodation.

This property has a few investment options:
- Perfect addition to your superannuation fund
- Live in one and rent out other seven units
- Renovate and value add for profit
- Either way the owners want to sell the entire block

- Classic 1980s cavity brick construction
- Gross rental income approx $89,000 per annum
- Elevated 607sqm block with great views
- Great condition with a solid history of low vacancy rates
- Potential to further develop subject to council approvals
- No body corporate fees making easy investment
- Only 4.8kms to Brisbane CBD

Unit 1
Current rent: $210.00 per week
Lease end date: 20.11.14

Unit 2
Current rent: $220.00 per week
Lease end date: 31.07.15

Unit 3
Current rent: $210.00 per week
Lease end date: 21.06.15

Unit 4
Current rent: $225.00 per week
Lease end date: 21.01.15

Unit 5
Current rent: $220.00 per week
Lease end date: 11.11.14

Unit 6
Current rent: $200.00 per week
Lease end date: 09.07.15

Unit 7
Current rent: $210.00 per week
Lease end date: 27.11.14

Unit 8
Current rent: $220.00 per week
Lease end date: 31.03.15

SELLERS INSTRUCTIONS ARE CLEAR. MUST BE SOLD!

BCC Rates: $1,488.95 gross per quarter (excl. water & sewerage)

Location

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