River Avenue, Block of units with a higher than average return and growth opportunity
Discover an exceptional investment opportunity at 60 Barton Road, Hawthorne, QLD, offering an enticing combination of current returns and potential for future redevelopment. This north-south facing brick block of units is strategically positioned on a substantial 810 sqm lot, providing both stability and prospects for growth—encompassing two 2-bedroom and three 1-bedroom apartments. KEY FEATURES: - LMR2 (2 - 3 Storey Mix). Significant ability to recreate a new long term negative geared asset - Currently returning $117,492.00 NET (12 monthly statement available) - Sub Divide the land into two or more lots (STCA) - 20m frontage (north south facing block) - In the highest growth location the river avenues of Hawthorne - Rare opportunity to secure unit block for long term hold - Potential to increase the return by adding units (STCA and Townplanning). Recently updated internally to maximize comfort and returns, these units are a blend of simple modern living with a quality solid brick construction, ensuring longevity and low maintenance costs. The interior of each unit has been thoughtfully updated, making these units and future rental an attractive prospect for tenants looking for comfort and style. Accommodating the needs of residents are five secure oversized garages and ample off-street parking, offering both convenience and peace of mind. A generous 19.9m frontage along with lush gardens contributes to the property’s serene and welcoming atmosphere, providing tenants with a tranquil retreat in a bustling suburb. The Hawthorne River Avenues is a high-growth area that presents an attractive proposition for investors and those in search of a sound asset. With its enviable proximity to local amenities, schools, and transportation options, the property offers compelling convenience, making it an ideal investment choice. For more information, reach out to Darcy Lord at dl@eplace.com.au or on 0427 124 345, to seize this exclusive opportunity.
