Block of 4 Flats On 850m2 In Coveted Blue Chip Suburb

Positioned on a 850m2 block in an ultra-convenient location, this astute investment presents 4 fully self-contained timber flats with a projected rental income of $65,520 per annum.
Always occupied these flats are a short walk from popular local cafes and moments from multiple shopping and entertaining precincts including Coorparoo Square. Less than 5 radial kms from the CBD, the property has effortless access to it via direct bus routes and is near to rail transport.

- All flats feature spacious light filled layouts, well-proportioned living areas, practical gas kitchens, sizeable bedrooms and 2 stair access
- Each flat has character elements, are secure for tenants and have under cover, off street parking
- Character features include coloured stain glass windows, leadlight windows, decorative cornices, ceiling roses, French doors, 2.8 m high ceilings, hopper and casement windows, decorative fireplace in Unit 1
- Under the flats there is additional storage space and a communal laundry
- Compliant, hardwired smoke alarms throughout
- Separately metered for gas and electricity
- Moments to Greenslopes and PA Hospitals
- Inside the Holland Park State School and Cavendish Rd High School Catchments
- Maximise your return on investment by renovating individual flats
- Property could be restored as a house if required
- Existing building could be removed, no traditional building character overlay, STCA
- Assured strong capital growth
- Council land value as at 1/10/21 $780,000
- Rates are $1,180 per quarter
- A Building and Pest Report can be supplied upon request
- Configuration and current rents
Unit 1 - 2 bed/ 1 bath $260 per week
Unit 2 - 1 bed/ 1 bath $260 per week
Unit 3 - 1 bed/ 1 bath $240 per week
Unit 4 - 1 bed/ 1 bath $260 per week
- Gross rental income $53,040 per annum
- Projected per annum income $65,520 (3 x $300,1 x $360)

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