TWO REGISTERED FLATS - DUAL INCOME
178 Orange Grove Road Salisbury sits on 607m2 land, and offers a range of options for the discerning buyer. Currently consisting of two, post-war, registered flats (Flat 1 consists of two bedrooms and one bathroom, while flat 2 has one bedroom and one bathroom), currently providing a modest rental income. Both flats present an excellent opportunity to 'tidy up', renovate and add value to obtain some outstanding rental income and a great yield. Suitable for dual occupancy or could be easily transformed into one residence. Near level land makes it ideal for extension of living area or building a deck at the rear.
First home buyers and those looking to enter the property market - this property would make a very clever stepping stone to building your property portfolio; live in one flat yourself, and rent the other out with a steady weekly income to offset your mortgage.
Sweet dreams are made of these:
- Level 607sqm block with two post-war flats.
- Currently run as two registered flats with rental income (long term tenants)
- Front flat with 2 bedrooms and 1 bathroom, separated living/dining, balcony & carport
- Back flat with 1 bedroom, open plan living & bathroom.
- Separate, shared laundry
- Plenty of room in the backyard for a shed or extend the property with a deck
- Opportunity to update flats / renovate to add value & increase rental yield
- Option to convert the property back to a family home.
- 1.5km drive to Griffith University's Nathan campus
- 2.6km to QE2
- Bus stop 200m away
- 4.2km to Westfield Garden City Shopping Centre
- 3.4km to Sunnybank Plaza
A high performance investment... 178 Orange Grove Road sits conveniently at the quiet end of Orange Grove Road with huge potential and an immediate cash flow.
This property is sure to tick all of your boxes. Contact Robyn Kennedy or Nick Bowen today to arrange an inspection.
