Auction Location: On-siteLocated in the heart of Northgate, a fantastic opportunity is being presented to savvy investors, developers, or owner occupiers. On offer is a prime piece of real estate 771m2 in total, zoned LMR this site has a proven income with three leases in place, currently retuning $57,200 PA. If you are looking for an addition to your investment portfolio to set and forget, with the potential to redevelop in the future, look no further 37 Hall St, Northgate is sure suit. Located in an area surrounded by Character homes, another option is a complete knockdown and rebuild your dream home over 771m2. Living here you are minutes' walk to Northgate train station, cafes, restaurants, and breweries. Current format of the site:Unit 1 - 1 bedroom, 1 bathroom, 1 lock up garage, rented $325 pw ending 18/10/2023ceiling fans, window screens, murphy bed in living room & NBN connectedUnit 2 - 1 bedroom, 1 bathroom, 1 lock up garage, rented $325 pw ending 8/03/2023ceiling fans, window screens, front covered veranda & NBN connectedUnit 3 - 3 bedrooms, 2 bathrooms, 1 lock up garage, rented $450 pw ending 9/10/2023ceiling fans, spacious kitchen, open plan living, separate study or home office, veranda, window screens & NBN connectedTotal incoming approx $57,200 pa Total outgoings approx $11,805 pa•all units are individually strata titled The building is double brick in construction in good condition and low maintenance. The site is level, flood free and clean of services making any redevelopment of this site hassle free. Northgate is located just over 10km from Brisbane CBD, has a variety of amenities on offer, including servicing the Brisbane CBD by train. Accessing the airport and Gateway is made easy, opening the area to the Sunshine and Gold Coast via the Gateway motorway. This property is going to auction on Saturday 3rd December at 10am if not sold prior. Contact Nathan Johnson 0434 101 821 for a full sale report.
