Lifestyle - One of Brisbane's most vibrant, colourful suburbs, Paddington is the suburb of choice for investment in property. Just 3 klms from the City, Paddington attracts city based professionals and families of all ages. Demand for rental accommodation is consistent throughout the year, as is capital growth. Alma Street is positioned perfectly, just a stroll from the heart of the Paddington shop and cafe strip. In the other direction is the popular Rosalie cafe precinct, and a little further is Park Road and the River.
Accommodation - Covering 2 large levels, the property is divided into 3 registered flats. Flat 1 has 3 bedrooms and 1 bathroom, Flat 2 has 2 bedrooms and 1 bathroom and Flat 3 has 4 bedrooms and 2 bathrooms. The combined rental income is $1300 per week. The house is well maintained, flat 3 has recently been upgraded with a new kitchen, bathroom and new flooring.
Features - The land is a corner block on 478m2, the house holds a number of options for living in and investing. Option 1, retain existing structure of rented flats. Option 2, live in one of the flats and rent out 2 of them. Option 3, convert to one large family home. A property that is ideal for a self managed super fund, a general investment or a home in an enormously appealing location.
Invest some time and come and have a look!
