SNAPSHOT
Rates: $1,828.85 Per quarter
Land size - 809sqm
Current rental income: $136,240 PA
Projected rental income: $171,000 - $180,000 PA
Auction On-Site - Saturday 30th May, 2pm
This well-maintained block of units is positioned on a single title, 1-6/67 King St, Annerley offering a great opportunity for the savvy investor. This is your chance to acquire a constant cash flow spread over 6 investments with an attractive rental return. Annerley offers convenient, inner city living at its finest with easy access to transport, hospitals, universities, shopping and within the Brisbane South State Secondary College School catchment.
Sitting on an elevated 809sqm parcel of land that captures city views, this tidy, cavity brick unit block is zoned BR 4. Consisting of 6 x 2-bedroom, 1 bath, 1 car units, all currently tenanted. This complex has been well-maintained and could be a sit and forget investment for many, with plenty of scope to upgrade the units to lift the income and value.
The larger than most layouts include generous living rooms, eat in kitchens with space for an oversized dining table, private balcony, both bedrooms have built-in wardrobes; the bathrooms have a shower, vanity, and separate toilet. The oversized, lock up garages have an internal laundry and have ample room for extra storage.
Each unit is fully tenanted with a combined income of $136,240 per annum:
Unit 1 - 2 bed, 1 bath, 1 car - $420 per week, expiring 14/11/2026
Unit 2 - 2 bed, 1 bath, 1 car - $410 per week, expiring 8/12/2026
Unit 3 - 2 bed, 1 bath, 1 car - $420 per week, expiring 19/8/2026
Unit 4 - 2 bed, 1 bath, 1 car - $480 per week, expiring 3/11/2026
Unit 5 - 2 bed, 1 bath, 1 car - $410 per week, expiring 10/6/2026
Unit 6 - 2 bed, 1 bath, 1 car - $480 per week, expiring 17/3/2027
The units are not at current market rent and expected rental return per property on a renewal would be approximately $550 - $580 per week ($171,000 pa)
Invest under a self-managed superfund; a great investment all under one roof; or ideal to buy with your children's futures in mind to get them into the market, whatever your needs, opportunities like these don't come along that often.
THE LOCATION
- Elevated, 810sqm block capturing city views
- Located within an educational precinct - Within the catchment for the Brisbane South State Secondary College - Walk to Junction Park State School, St Ita's Dutton Park, Mary Immaculate Primary School, or Our Lady's Secondary College.
- Walk to the bus stop for a quick ride into the city
- Moments to Buranda Shopping Centre, restaurants, and cafes
- Easy access to PA Hospital, Mater & Greenslopes Hospital
- A bike ride across the Green Bridge connecting you to the University of Queensland, or catch the bus to QUT
- Jump on the freeways or into the tunnel to connect to the airport and north side of Brisbane with ease
- Within 4km to the CBD
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.
