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SOLD BY MICHAEL MANGELAKIS & IVY LIN - Here is a rare opportunity awaiting new owners with a vision of the bigger picture.
Located in a fabulous leafy position, up the street from the Brisbane River and within easy reach of the City Cat, local Parks, or the Cafe scene of Montague road, Hardgrave road and of course Boundary Street's Bar's or Shopping.
This property, originally a large Qld'er Cottage house now as 3 Flats over 2 levels. 1 x 2 bedroom on the ground floor, 1 x 3 bedroom on the upper floor and 1 x 1 bedroom at the rear. All of which were cosmetically renovated internally 10 years ago, with modern kitchens, bathrooms, floor coverings, blinds and paintwork. All flats are currently on leases with long term, good tenants in place and earning a weekly gross rental performance of $1240 in total.
With various options available this property is ideal for an Investor looking to add to their portfolio or super fund, an investor who may look at sliding the house over to 1 lot and building a new house on the other lot, or it may also even suit the professional couple who want a house size property to live in, but be able to continue to collect rent from 2 of the other flats.
No matter what the option, West End doesn't offer too many like this one.
In Brief;
- Big 406m2, Qld'er Style building
- Currently as 3 Flats with Income
- $1240 per week, $64,480 p/annum
- 658m2 in 2 Lots & Separate 2 Titles
- Zoned CR - 2 with ( Infill housing )
- Option to Live in and Collect Rent
- Option to Convert to Just 1 Big Home
- Option to Cut & Slide onto 1 Allotment
- Option to Build New Home on the 2nd Lot
- 10 Minute Walk to City Cat Services & Orleigh Park
- 10 Minute Walk to the Middle of West End's Shops
- Buses into West End or the CBD just 50 metres away
- Here is one a little different and for ideal longterm investors.
For further information relating to this property or to arrange your inspection, please call or email.
Property ID
21127640
Land Size
658 Square Mtr approx.
Building Size
406 Square Mtr approx.
Zoning
CR2 - Character ( Infill Housing )
Rental Return
$63440 Yearly Actual
Air Conditioning
Balcony
Total car spaces
1
Courtyard
Deck
Frontage
21.9 meters Approx.
Director / Licensee
Mobile: 0417 755 541 Office: 07 3846 2859 vCard: Download Office Profile: View
New Business Manager & Sales Associate
Mobile: 0478 056 365 Office: 07 3846 5622 vCard: Download Office Profile: View
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