We present a wonderful opportunity to acquire a cash flow investment of 3 units on one title on a 678sqm block in Brisbane's upcoming northern suburb of Kedron.
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- Submit an enquiry online to receive the Disclosure Documents and Offer Form.
- Expressions of interest must be submitted on the Offer Form by Monday 13th July.
- Contracts will then be issued to parties who have submitted a form for best and final offer.
- Provision for you to conduct your own DD and or Build and Pest within 7 business days of the contract is included.
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Generating a total annual income of $1,575 per week or $81,900 per annum. A great location, close to Chermside Westfield, easy access to ICB, Clem 7, CBD and close to public transport.
Accommodation -
Built 1970
2 x 1 Bedroom, 1 bathroom, 1 car space units.
1 x 2 bedroom, 1 bathroom, 1 car space unit.
Land Size 678sqm
Dimensions - 16.2m frontage, 42.6m deep.
Income Breakdown -
Unit 1
2 bedroom, 1 bathroom, 1 car space, updated kitchen, bathroom and living areas with split system air conditioning.
Leased till March 2027 @ $550
Unit 2
1 bedroom, 1 bathroom, 1 car space, updated kitchen, bathroom and living areas with split system air conditioning.
Leased till May 2027 @ $500pw
Unit 3
1 bedroom, 1 bathroom, 1 car space, updated kitchen, floors and bathroom, with split system air conditioning.
Leased till May 2027 @ $525pw
Total annual gross income approx. $1575 per week or $81,900 gross per annum.
Rates = Approx $1,488 per quarter or $5,925 per year
Water = Approx $760 per quarter or $3,040 per year
Property Management Expenses approx = 6% per year or $4,914
No Strata Levies - all on one title.
Net Income approx = $68,021
Properties are separately metered for gas, electricity and NBN but not water.
