74 Ferndale St

Consisting of 5 x 1 bedroom and 2 x 2 bedroom brick flats, this property is the ultimate holding investment. Returning $77,740 p.a (on low rents) and capital growth assured on such a large block for redevelopment in the future. Another option would be to strata title the block and sell each unit individually. Gross quarterly rates are $2,085.65. Perfectly positioned in a quiet sought after location, handy to shops, schools and transport in a flood free area and less than 6km to the CBD. Sustainability declaration available from agent.