37 Ahern Street

Labrador QLD 4215

0 m²

1434 m²

Block of units

Currently for sale - view listing

Overview

Rare Blue Chip Multi-Income Investment — 11 Tenancies on 1,434m² of MDR Land

Welcome to Toledo Gardens — a rare Labrador holding where cashflow, land banking and future potential come together in one prime coastal location. Property Features: - Main dwelling: 4 bed, 2 bath, dual living & dual kitchen - 3 larger units - 2 x 2-bedroom units - 5 additional 1 bedroom units All Units are Self Contained with majority long term tenants who lived in the property over 15 years, with a common laundry area the the building producing a monthly income of a additional $70 approx. Key Investment Highlights: — Approx. $250,900 gross annual income from 11 independent tenancies — 1,434m² of MDR zoned land with 29m height allowance — Labrador median growth: 127% over 5 years — Natural vacancy protection — 11 streams, not 1 — Proximity to hospital, university, 450m from Broadwater, light rail — Immediate cashflow with long-term development optionality — Only Expenses Council rates & Water Approx. $5,250/per year Whether you choose to hold for strong rental returns, reposition the asset, or explore future development opportunities, this property offers flexibility in one of the Gold Coast's strongest growth corridors. Contact Dhimitri X for further information or to request the full investment brief. Disclaimer: This property is being sold without a price & therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only. Disclaimer: All information provided has been obtained from sources we believe to be accurate. However, we cannot guarantee the information is accurate and accept no liability for errors or omissions. (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements.