5 Villa Street

Situated in an elevated, handy location less than a minutes walk from Chardon’s Corner with buses, shops and cafe’s, stands this whole block of 9 x 1 bedroom and 2 x 2 bedroom brick flats. Currently returning $158,340 per annum on conservative rents capable of increases and with potential to return even more after basic cosmetic renovations are carried out. 14 car spaces in total. Sitting on a 1012m2 LMR zoned allotment with sweeping views of the city, Mt Coot-Tha and everything in between. Ideal holding investment or potential to strata title and sell off individually. Inspections by appointment. Detailed outgoings and returns available upon request.