The Phone Code for this property is: 76684. Please quote this number when phoning or texting.
Seize a prime investment opportunity with this exceptional property in the heart of Parramatta Park. This corner lot, featuring a tastefully converted 2-story Queenslander, presents a compelling prospect for investors seeking modern, low-maintenance units in a highly desirable rental location. This Prime rental location has the potential for up to 12.5% if converted to shared housing.
Property Highlights:
Location: 281 Severin Street, Parramatta Park
Freehold title.
No Body Corp Fees
Rates $3100 per unit
Land Size: 415 m2 corner block
Zoning: Residential
Proximity: Close to schools, parks, sports facilities, and only a 3-minute drive to Cairns Central
Public Transport: Conveniently accessible
Security: Gated entry for added peace of mind
Development Potential: Excellent opportunity for future expansion.
Unit Details:
Unit 1:
Three bedrooms
One bathroom
Two entrances
Currently tenanted $ 850/Week
Unit 2:
Three bedrooms
One bathroom
Two entrances
Currently tenanted until 5th Dec 25
Currently tenanted $ 850/Week
Unit 3:
Three bedrooms
One bathroom
Two entrances
Currently tenanted $ 850/Week
Unit 4:
Two bedrooms
One bathroom
Office space
Two entrances
Currently tenanted Currently tenanted $ 500/Week
Additional Features:
- Modern Conversions: Four contemporary apartments with high-quality fittings throughout
- Low Maintenance: Well-maintained garden and efficient upkeep
- Rental Returns: High demand in this popular rental area ensures strong returns.
This well-located property combines modern convenience with substantial investment potential. The current setup of four distinct units maximises rental income, while the large corner block offers scope for future development.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
