* Six flats returning $76,180 per annum.
* Large 824sqm of land on two titles
* Secure fixed term leases
* Close to both trains and buses
* Exciting location with great potential
* Inspections by appointment only - Call 24hrs
Combining a high net return on investment and excellent potential for capital growth in one of Brisbane’s most desirable suburbs, this income generating property will appeal to both investors and developers alike.
Set on a valuable 824sqm this building comprises six self-contained flats under one title, delivering a combined net return in the vicinity of $70,000 per annum. A central convenient location ensures that the flats are typically relet immediately. All six are currently leased in secure fixed term leases.
Currently set across two lots the zoning is CR2, Character Residential, (infill housing). This exciting location is bound to prove a secure investment for an astute purchaser so do not delay to book your private inspection.
- 2.8 approximately klm from Brisbane CBD
- Land Area approximately 824sqm
- 6 flats under one title.
- 5 x 1 bed and 1 x 2 bed configuration
- Tenancy 1 $260 per week until 14/02/19, Tenancy 2 $220 per week until 19/07/19 Tenancy 3 $220 per week until 04/10/18, Tenancy 4 $230 per week until 12/10/18, Tenancy 5 $300 per week until 01/08/20, Tenancy 6 $235 per week until 12/07/19
- Total Gross Rental: $76,180 per annum
- Approximate outgoings for rates and water: $10,428 per annum
- Currently all units are in secure fixed term leases
- Within 150m of frequent bus routes. CBD 11 minutes by direct bus
- Within 700m of Milton train station
- Zoning: CR2 – Character (Infill Housing)
- Full maintenance schedule available
- High set timber construction with parking under
- Off street parking
- Potential to improve yield with minor decorations
- Current Use: Flats
- Approximately 550m to Milton State School and Rosalie Village
Property Code: 3499
