Income Today, Opportunity Tomorrow
Presenting an exceptional opportunity to secure a high-yielding residential investment, 10 Kildonan Street combines immediate income with future potential in an established Aspley location.
Comprising of five fully tenanted, self-contained units on a single freehold title, the property generates approximately $130,000 in gross annual income. Established tenancies provide an immediate income stream.
A complete internal rebuild, finished in July 2024, delivered new kitchens, bathrooms and internal finishes throughout. Purpose-designed for Council-approved rooming accommodation, each unit features air conditioning, its own hot water system, individual electricity sub-metering and a private outdoor area.
Occupying an elevated 908sqm allotment with over 28 metres of street frontage, the property also offers potential for future subdivision or redevelopment, subject to Council approval and supported by established local precedents.
A comprehensive Information Memorandum, including financials, tenancy information, approvals and supporting sales evidence, is available upon request.
PROPERTY HIGHLIGHTS
• Five fully tenanted, self-contained units
• Approximately $130,000 in gross annual income
• Complete internal rebuild finished in July 2024
• New kitchens, bathrooms and internal finishes throughout
• Private outdoor area and one onsite car space per unit
• Air conditioning, fans, separate hot water systems and individual electricity sub-metering to each unit
• Single freehold title with no body corporate levies
• Council-approved rooming accommodation
• Consistently fast reletting history
• Generous communal outdoor areas with an inground swimming pool
• Elevated 908sqm allotment with over 28 metres of street frontage
• Future subdivision or redevelopment potential, subject to Council approval and further investigations
• Convenient access to Westfield Chermside, public transport, schools and hospitals
Combining strong rental income with substantial underlying land value, this property offers an attractive investment today with options for the future.
Contact Caleb Mayberry of Ray White Ascot for further information or to arrange an inspection.
Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
