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12 Lemnos Street

Red Hill QLD 4059

5
3
3
0 m²
675 m²
Block of units
Currently for sale - view listing

Overview

Three Incomes, One Smart Investment

An outstanding opportunity for the astute investor, this unique Red Hill holding combines three self-contained residences on a generous 675m² allotment, offering potential rental income of $1,850 per week in total. With three separate residences, an inner-city address and enduring appeal, this property presents an excellent addition to any property portfolio. Configured as three individual units, the property offers practical, easy-care interiors, with each residence enjoying its own kitchen, living and dining spaces. Unit 1 is the largest of the three, comprising three bedrooms, a central living and dining area, functional kitchen and bathroom, while Units 2 and 3 each provide one-bedroom accommodation with their own living zones, kitchens and bathrooms. The arrangement offers excellent separation between residences and the versatility that comes with three distinct dwellings under one title. Outdoor areas wrap around the residences, with patios and a balcony providing additional space to relax outside. There is vehicle accommodation and garaging allocated across the three units, with room for three vehicles. Features include: - Potential combined rental income of $1,850 per week - Three self-contained residences on one title - Unit 1 - three-bedroom residence - Unit 2 - one-bedroom residence - Unit 3 - one-bedroom residence - Individual kitchens, living areas and bathrooms - Five bedrooms and three bathrooms in total - Garage accommodation for three vehicles - Generous 675m² allotment - Flexible investment opportunity with multiple potential income streams Perfectly positioned to enjoy the best of Red Hill and its neighbouring lifestyle precincts, the property is close to schools, local cafés, shops and transport, with Suncorp Stadium, Victoria Park, Paddington and Brisbane CBD all within easy reach. The location further strengthens the property's appeal as a well-connected inner-city investment. With three separate residences offering flexibility, potential combined rental income of $1,850 per week and a sizeable landholding in one of Brisbane's most sought-after inner-city suburbs, opportunities of this nature are difficult to replicate. Inspect and discover the potential for yourself. Disclaimer This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Features

5 bedrooms
3 bathrooms
3 carspaces
3 garage spaces
0 m² floor area
675 m² lot size
Block of units

Property history for 12 Lemnos Street

2020
Sold
$1,050,000
Private Sale/Treaty on 23 Dec 2020 by Leon Iconomidis, of Property Inc. Estate Agents

Happy sellers in Red Hill

74%
74% of sellers in Red Hill reported that their sale price either exceeded or met their price expectations.

Red Hill stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

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Local market activity for 5 bedroom block of units in Red Hill

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