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First time offered! Come and inspect this rare opportunity to buy an un-strata titled block of flats in an elevated Highgate Hill position only metres from South Bank.
The property provides a stable proven cash flow with long term tenants, has an impressive layout and dimensions, plenty of natural light and cross ventilation, views from every unit and is the perfect blank canvas for a savvy investor to renovate and add value, or strata title and sell off now or into the future.
Attractive features include:
- 9 Units over 4 levels: 8 x 2-bedroom 1 bathroom + 1 x 3-bedroom 2 bathroom
- 1970’s built with solid double brick walls and concrete slab construction
- Modern kitchens and bathrooms – most have been updated over time to keep current
- Spacious living areas that open onto their own private balcony
- Each unit has a separate laundry room that has potential for a second bathroom
- Top floor 3-bedroom penthouse has the floor space of 2 units and has the option to split
- Separate toilets from the bathrooms
- Exclusive covered car spaces and extra space around the building to create additional parking or landscaped common areas.
- Currently rented at $245,700pa with scope to increase to $290,000pa with very little refurbishment
- 928sqm LMR2 Zoning
The complex is a short walk to West End’s Boundary St cafe strip, South Bank, Mater Hospital, bus, Citycat, Musgrave Park, opposite Brisbane State High school, and minutes from the CBD and Universities.
The property comes with endless possibilities – improve to maximise the rents, strata title and sell off, investigate short term high yield leasing opportunities, or simply sit on an impressive blue-chip investment with 9 properties appreciating in value and development options being so close to the City.
Email for an IM/info brochure containing all the income/expenses and lease times.
