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It is time for you to Star, not in a television show, but in real life by securing for your property portfolio this rare, larger than usual West End investment opportunity. Under the same ownership for more than 3 decades, this big block of purpose built cavity brick flats (6 x 2 Bed. + 4x1 Bed) are beautifully positioned, close to Public transport, easy access to the City Cat, UQ, Parks, within easy reach of West End Café scene, South Bank or the CBD.
Currently this property generates a consistently good annual holding income and is always fully let. Suitable for all types of investors but importantly ones who are looking for an inner city suburb with high yields, lower vacancy rates and good capital growth each year. This type of building and of this size don't come up often or can be hard to find, so why not have an inspection to give this one a serious thought. An opportunity not to be missed!
The Brief;
*BIG Cavity Brick Block of flats
*16 Beds, 10 Baths, 15 Car parks
*810m2, 2Lots, LMR Zoned Land
*$139,000 Gross Holding Income
*Potential to Individually Strata title
*Potential to Re-furbish for better Rent
We have clear instructions from our Interstate owner of many years, "It's time to sell".
For an information kit about this property, or to arrange a private inspection or to register your interest, please call.
Property ID
20085641
Carports
15
Laundry
Shared Laundry Facilities
Land Size
810 Square Mtr approx.
Building Size
500 Square Mtr approx.
Zoning
LMR 3
Rental Return
$138580 Yearly Actual
Rates
$2395 Quarterly
Frontage
20.5 meters Approx.
Water Rates
2,310 Quarterly
Director / Licensee
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