While this property wouldn't win any architectural design awards for street appeal, what it does represent is a sound investment opportunity. With long-term leases in place, a cashflow positive ledger, and around a 5% gross rental yield, this property is a solid long-term investment. Current leases are under market value providing the potential for even better returns in future years.
All three units have been renovated in recent years, including new kitchens with stainless steel appliances and new bathrooms. With built-in wardrobes, tiled floors throughout, and air-conditioning, each unit has its own allocated car park in the high-bay carport in the backyard.
Conveniently located, your tenants will enjoy easy access to the Gateway Motorway, and a short drive to the Wynnum/Manly foreshores! The property is also within walking distance to Kianawah Park, Twin Parks Shopping Centre, and Tingalpa State School, and falls in the Tingalpa State School catchment.
All units feature the following:
• Built-in wardrobes to all bedrooms
• Modern kitchen/s
• Modern appliances
• Modern bathroom
• Split-system air-conditioning
• Separate electricity meters
Current Leases Information
• Unit 1 (front) - 2 Bedrooms $300
• Unit 2 (middle) - 1 Bedroom $270
• Unit 3 (rear) - 1 Bedroom $265
Investment Summary
• Total Weekly Rental Income $835 per week
• Total Annual Rental Income $43,420 per annum
• No Body Corporate Fees
• Currently Self-managed
Call Scott or Tom to book your inspection.
