27 Knowsley st represents a rare opportunity in the current market to purchase an entire block of 5 units in one of Brisbane's up and coming inner city suburbs.
Located on an elevated 799m corner block this brick block of 5 units (1x2 Bed, 4 x 1 Bed) is in a fabulous location.
Returning approx. $67000.00 per annum*, investors looking for a well-maintained low maintenance alternate income stream will be drawn to this property that provides both cash flow and capital growth.
With some development potential, a real bonus with the 799m2 allotment (20m frontage) zoned LMR2 with city glimpses with options to retain or renovate the existing property, knockdown and potential build new apartments or subdivide and build 2 new homes (STCA).
This block has been well maintained and is in excellent condition, easily rented with high occupancy with an opportunity to increase the income.
The location is ideal for renters as it is a very short walk to bus stations, a short walk to the trendy Stones Corner shops, cafes and Aldi .
* Entire block
* Not strata-titled
* Close to all amenities
Unit 1 - $300/week, 2 bedrooms, 1 bathroom, 1 car park
Unit 2 - $250/week, 1 bedroom, 1 bathroom, 1 car park
Unit 3 - $260/week, 1 bedroom, 1 bathroom, 1 car park
Unit 4 - $230/week, 1 bedroom, 1 bathroom, 1 car park
Unit 5 - $230/week 1 bedroom, 1 bathroom, 1 car park
Solid blocks like this are becoming increasingly more difficult to find and in the current climate offer a secure and generous return on your investment.
Our sellers are determined to sell so take this opportunity to acquire a very good investment opportunity.
Disclaimer - This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
