4 Rainworth Road

Bardon QLD 4065

1255 m²

Block of units

Currently for sale - view listing

Overview

A Rare Bardon Unicorn - Nine Flats, Substantial Income & 1,255m2; of Opportunity

Some properties offer income. Others offer land and future potential. At 4 Rainworth Road, Bardon, the opportunity brings all three together. Occupying a substantial 1,255m2; allotment with an impressive frontage of over 30 metres, this collection of nine flats presents a rare foothold in Brisbane's sought-after inner west, close to the village lifestyle of Rosalie. Comprising eight one-bedroom apartments and one two-bedroom apartments, the property currently generates approximately $140,000 per annum in rental income, with projected annual income of $193,000 Established long-term tenants and fixed-term leases underpin the existing income stream, creating an appealing proposition for investors seeking immediate returns alongside long-term potential. The landholding adds another compelling dimension. Its generous proportions and broad frontage offer scope to explore future improvements or development, subject to council approval. Retain the existing investment, investigate opportunities to enhance rental returns, or consider the longer-term possibilities of this substantial Bardon address. Positioned to enjoy Rosalie Village's cafes, restaurants and neighbourhood atmosphere, together with Bardon's local shops, green spaces and everyday conveniences, the property combines investment appeal with the lifestyle tenants value. • Substantial 1,255m2; allotment with frontage exceeding 30 metres. • Nine flats comprising eight one-bedroom and one two-bedroom apartments. • Current rental income of approximately $140,000 per annum. • Projected rental income of approximately $193,000 per annum. • Established long-term tenants and fixed-term leases. • Opportunity to enhance the existing investment and explore future development, subject to council approval. • Convenient access to Rosalie Village, Bardon amenities and Paddington's dining and shopping precincts. Income today. Land for the future. A rare opportunity to secure both in a tightly held inner-west location.