Under instructions from Richard Hughes as Receiver and Manager
Lot 979 on RP88823, Title Reference 50805034
*Existing structure is unapproved and uncertified. The vendor makes no representation about the current or future lawful uses of the property. Purchasers must satisfy themselves of those matters. Sold on an as is, where is basis. The below description must be read subject to this disclaimer*
AN INVESTMENT OPPORTUNITY IN A GREAT LOCATION. 2 LAPWING ST INALA represents a rare opportunity for savvy investors to add an entire block of five townhouses to their portfolio in the up and coming suburb of Inala.
Perfectly located in the heart of Inala within a stone's throw from the popular Inala Plaza Shopping Centre. This great location with potentially strong yields and capital growth make this an ideal investment.
The townhouses are on a single title, with no strata scheme in place and no body corporate fees. The property has previously generated gross rental income of approximately $86,000 per annum. Each townhouse consists of three bedrooms, two bathrooms, a modern kitchen and a single lockup garage. The building has been well maintained since initial construction works in 2013.
2 LAPWING ST INALA DESCRIPTION:
• One title, five townhouses (each with three bedrooms, two bathrooms and single car lockup garage)
• Previous rent of $330 to $350 a week per townhouse
• Living areas fully air conditioned and tiled throughout
• Two pac kitchens with stone benchtops
• Neat, tidy and low maintenance
• Only 350m (approx.) to Inala Plaza Shopping Centre
• Close proximity to public transport
• Walking distance to Richlands East State School and St Mark's Primary School
• Adjacent to parklands and easy access to Blunder Road and Inala Avenue
• 597m2 (approx) corner block.
For the astute investor looking for a great investment in a prime location. This could be one of the best opportunities you will see for years to come. Invest now and reap the benefits in the future.
This property is being sold by auction therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Auction: On site auction, 10am Saturday, 11 September 2021
