If you're looking for a rock solid investment in the inner Brisbane market here it is!
Primrose Street is currently returning a gross annual income of $65,250 - you can structure the property to pay itself off.
The multi unit dwelling consists of 5 council registered flats, 1 x 2 bedroom and 4 x 1 bedroom, each with a designated car space. The units are all in good condition, and although the building is no longer young, it was very solidly built - as evidenced by a building inspection recently completed by Asset Building & Pest Inspections. (Available upon request.)
The position is excellent! Wilston is right on the edge of the City and very well serviced with public transport, both train and bus. The area is renowned for its plentiful 'cafe culture', and local and major shopping, including the Reading cinema complex at Newmarket. For the health conscious, the Newmarket Olympic swimming pool is just down the road - as well as loads of parkland and other sporting venues.
Your tenants will love living here! The excellent local amenities, the affordable rent and the handy position all add up to a very desirable rental option - no wonder the current owner has had a very low vacancy rate over the last 30 years!
