Expressions of Interest Closing Friday 5pm 4th Dec 2020.
A unique offering of a brick constructed complex on 812m2 of prime Hawthorne land. Comprising of 6 two bedroom flats, offering the potential to modernise and further increase investment return.
This could be the jewel in your property portfolio.
Apartment Information as follows (updated rental appraisal):
UNIT 1 - 2 Bed 1 Bath 2 Car $340-360 pw
UNIT 2 - 2 Bed 1 Bath 2 Car $330-350 pw
UNIT 3 - 2 Bed 1 Bath 1 Car $320-340 pw
UNIT 4 - 2 Bed 1 Bath 1 Car $320-340 pw
UNIT 5 - 2 Bed 1 Bath 1 Car $330-350 pw
UNIT 6 - 2 Bed 1 Bath 1 Car $320-340 pw
Projected gross yearly rental income = $101,920 - $108,160 p.a.
FY20 gross income = $98,695.85
As you can see this block of apartments, in this prime blue chip location, presents a wonderful investment opportunity.
This conveniently positioned property is close to all the necessary amenities, Elliott St is situated South of the river in the prestigious suburb of Hawthorne, just 7km from the CBD and nearby to many major infrastructure upgrades including the Gateway Motorway connecting Brisbane to the North & South coastline.
Features Include:
* Quick and easy access to both the City and the Airport
* Property in good condition with limited upkeep
* Minimal spend to further improve rental yield
* Located next to bus stops and close to city cat ferry
* Ideal for land bank or Superfund acquisition
This fantastic property has been owned within the same family since 2001 and is now a surplus to their requirements and will be sold.
Own your own unit block in Brisbane's elite suburb of Hawthorne.
For further information please contact the team for an Information Memorandum.
Property Disclaimer
We have made our best endeavors to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research. The agent will respond within 24 Hours to all inquiries
