SITUATED OFF RIDING ROAD IN THE EXCLUSIVE MORNINGSIDE - HAWTHORNE PRECINCT WE OFFER THIS SOLID BRICK UNIT COMPLEX OF 2 X 2 BEDROOM & 4 X 1 BEDROOM UNITS. FULLY LET UNDER LEASE RETURNING $131,820.00 PA. SOMEWHAT UNDER LET THE CURRENT APPRAISED RENTAL VALUE IS $150,800.00 PA. ASTUTE INVESTORS WILL READILY UNDERSTAND THE LOCATIONAL BENEFIT OF THE PROPERTY RELATING TO INCREASED RENTAL RETURN AND FUTURE CAPITAL GROWTH.
Located on a generous allotment of 1012 sqm the property enjoys future subdivisional potential. On one title, the solid brick units are fully self contained with good paying responsible tenants.
VALUE WEIGHT IS GIVEN TO THE A1 LOCATION BEING IN WALKING DISTANCE TO THE CAFES AND EATERIES ALONG RIDING ROAD AND BULIMBA, BUS STOPS, WATER TAXIS ALONG THE BRISBANE RIVER, ACCESS TO THE CBD OF BRISBANE AND THE AIRPORT AND 1.2KS TO THE MORNINGSIDE RAILWAY STATION MAKES THIS AN OUTSTANDING INVESTMENT OPPORTUNITY. An Information Memorandum including outgoings and current rental appraisal is available on request. Enquiries to Andrew Sim 0426 582 818
