SOLD
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)