In the same family for over 30 years this very solid cavity brick block of 4 flats is being sold. In a great location close to Kelvin Grove Village, QUT campus, RBH Hospitals and only 3kms to the Brisbane CBD this is a sought after growth area. There has never been a problem finding great tenants for the owners.
The block is currently returning $1,080 per week ($56,420 per annum) but there is plenty of potential with the block to either renovate and increase the rental or potential to strata title and sell off individually.
Comprising:
2 x 2 Bedrooms
2 x 1 Bedrooms
Plenty of onsite parking
On 822m2 of LMR land blocks of flats of this type are rare as hen's teeth and seldom come to the market so act now. Ideal SMFS property, Investment or first project. After 30 great years our owners are determined to sell.
