Positioned on a flat 809m2 site, in an exceptional location directly parallel to the Kedron Brook in popular Gordon Park is this neat and tidy low set, single level post war unit block in very good condition. Providing a rock solid investment this rare opportunity would be perfect for an investor wishing to land bank a low maintenance property with a secure reliable return. With potential to further develop you can remove the existing dwelling and maximise on this key location just 400 metres to Kedron Brook bus station, by rebuilding units or townhouses, subject to council approval.
Consisting of 3 x 1 bedroom and 1 x 2 bedroom units, each with private courtyards and lock up garages, three of the four properties have secure leases in place till September and October, one is owner occupied.
Featuring;
Unit 1 - 1 bed 1 bath 1 car $297pw till 09/22
Unit 2 - 1 bed 1 bath 1 car $260pw till 10/22
Unit 3 - 1 bed 1 bath 1 car Owner Occupied
Unit 4 - 2 bed 1 bath 1 car $338 till 10/22
809m2 - Zoned - Low Medium Residential (2 or 3 storey mix)
Annual rental income $46,540 (3 units) Potential $63,180
Annual Body Corporate Outgoings @ $5,600 combined
Sinking Fund Balance of $6,976.08
Annual Rates $6,886.40 combined
Location;
Located on the banks of Kedron Brook walk 150m to the entrance of Kedron Brook's acres of parklands, 400m to the Kedron Brook busway and a kilometer to Market Central Lutwyche and the newly announced Lamington Market development. Gordon Park has increased in popularity since COVID and has provided its residents with leisure on their doorstep with kilometres of bikeways, walking tracks, and Brisbane's largest dog off leash park.
6 kms from Brisbane City CBD ( 10 mins drive ) through tunnel network
400 metre walk to Kedron Brook Bus Station
10 mins drive to Brisbane Airport via Airport Link Tunnel
Walking distance to Wooloowin Railway Station
Walking distance to Market Central Shopping Centre with 3 supermarket options, cafe's gyms and cinemas coming
Kedron Brook bikeway and dog off leash on your doorstep
Walk to Mercer Park, Shaw Park and Kalinga Park
Kedron State High School 691 metre walk
Wooloowin Primary School 495 metre walk
All units have been well maintained by the owners and are neat and tidy. This is such a rare and exciting location and opportunity. I urge you to do your due diligence and strongly consider securing this neat and tidy block of units.
