The combination of an exciting position on 824sqm of land just over 2km from Brisbane CBD, combining with an impressive income and excellent potential for capital growth makes this wealth generating property an appealing prospect to both investors and developers alike.
Comprising of six self-contained flats under one title, delivering a combined net return of $130,520 per annum. All the flats are currently leased in secure fixed term leases and there is always high demand for this location on lease changes. Additionally, there is an easily realised potential to improve the yield with minor renovations between leases.
Currently set across two lots, the zoning is CR2, Character Residential, (infill housing). This exciting location is a secure investment for an astute purchaser looking for a large land holding close into the city centre.
- approximately 2.8km from Brisbane CBD
- land Area approximately 824sqm
- 6 flats under one title.
- 5 x 1 bed and 1 x 2 bed configuration, (please refer to floor plan)
- total Gross Rental: $130,520 per annum rising to $133,640 by October 2026
- approximate outgoings for rates and water: $4,500 per quarter
- 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)
- 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
This fantastic property enjoys a superb location just under 3km from the Brisbane CBD and close to bus and train services, schools, shops, and cafes, representing an exceptional chance to secure an easy to manage property in blue-chip Auchenflower with a rock-solid net rental return.
Please email or phone to receive the seller's disclosure including information relating to the outgoings or to book a private inspection
* Important * Whilst every care is taken in the preparation of the information contained in this marketing, Arthur Conias Real Estate will not be held liable for any errors in typing or information. All information is considered correct at the time of publishing.
