Options Galore!
This 607m2 block of LMR 2-3 is now available for sale with an exceptional income from this small post war unit complex just 5kms from the CBD.
This two-unit property will be sure to impress the astute investor. Over $36,000 gross income per year. Well maintained by the current owner plus low maintenance brick construction.
The opportunity to remove the post war property and split the block into 2 x 303.5m2 blocks (recent sale close by of 300m2 block $451,500) or redevelop with units, apartments or build a premium home with 15 metre frontage (all subject to council approval).
Located close to the Greenslopes private hospital, Greenslopes Mall and transport to the CBD on Logan Road. On a quite dead-end street with no cut through traffic and overlooking park lands making this property feel like a tranquil inner-city escape. In the Greenslopes State School and Cavendish Road State High School catchments.
First home buyers - live in one and rent the other property out or alternatively phone a friend, go halves, have one property each and reap the rewards in the future of owing inner-city land. Plus pay no body corporate!
Unit features
Unit 2 -
*3 large bedrooms with built in robes and ceiling fans and air-conditioner to master
*Spacious lounge and dining area
*Separate kitchen with gas oven and cook top
*One bathroom with Shower over bath
*Separate W.C
*2 car accommodation plus storage area
*Laundry
*Linen cupboard
*Back exclusive use deck & private rear yard space
*Future rental return of $380-$390 per week
Unit 1 -
*2 Bedrooms with built in robes & fans
*Bathroom with shower
*Combined lounge/dining
*Separate Kitchen with gas oven and cook top
*Exclusive use front courtyard
*2 car accommodation plus storage area
*Laundry
*Future rental return of $320-$330
Income statements, rates, insurance etc are available on request from agent.
This property is being sold at Auction and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for functionality purposes.
