Opportunities of this calibre in tightly held inner Brisbane locations are becoming increasingly scarce.
This is the chance to purchase an entire block of flats, set on an expansive 853m2 corner block in a prime location. It offers exceptional potential for developers, owner-occupiers or property investors.
All of the units are rented, generating a combined gross return of approx. $100,600 P/A. The property has been recently refurbished with external works including fresh paint and new roof and guttering. The apartments internally have also been completely renovated featuring new kitchens and new/updated bathrooms with all new painting, electrical fittings and new/updated flooring. They are beautifully presented.
This property represents the ultimate hands off/passive investment where all of the work has been done and no major works will be be needed for many years to come.
An added bonus is this properties proximity to transport and shopping making it a prime candidate to benefit from future changes to the city plan allowing for potential to split a block of land of the back and build/sell to amplify the yield to the new owners (STCA).
The property is located in a leafy and elevated spot, a short walk to the Bardon shops on Macgregor Terrace, close Paddington’s bustling Latrobe Terrace and an easy commute to the CBD.
Whether you’re an investor seeking strong returns, a developer looking for a project or an owner-occupier seeking a large home site in an inner Brisbane location, this is an exciting opportunity not to be missed.
