Strong Yield, Capital Growth & Development Potential
My instructions are clear. This property IS selling.
This property has been in the family for decades and for good reason. Strong yield, capital growth and development upside all await our astute buyer.
124 Sylvan Road comprises of 3 x 2 bedroom units all on 1 title on a 486sqm block in the heart of the inner city suburb of Toowong. All are tenanted into 2023.
The location:
• Offers accessibility to the city in just 10 minutes and the Western Freeway via Milton Road
• Is a short 1.3km walk from the Toowong train station
• Is 300m from Toowong State School
• Is close to the University of Queensland, excellent private schools and the Wesley Private Hospital
• Is just minutes from the Indooroopilly Westfield and Toowong Village Shopping Centre
The Property:
• Comprises of 3x 2 bedroom, 1 bathroom units each with their own porch or balcony
• Is of brick veneer construction with a durable colorbond roof
• Is a North-East facing 486sqm block with a 13.9m street frontage. Prime Inner City Land.
This property provides the astute investor with numerous options moving forward.
• Hold and land bank for capital growth with a $52,000 per annum rental income
• Redevelop potential subject to council approval
• Renovate for increased rental income
Rental Income (approx): $52,000 per annum
Land Size: 486sqm
BCC Rates (approx): $1,225 per quarter
We will have this property open for inspection just 3 times, from 9:30-10:15am Saturday morning with the forthcoming auction to take place at Ray White Ascot from 5:30pm on Tuesday 13th December.
For a copy of the Information Memorandum or with any questions, please reach out to me at caleb.mayberry@raywhite.com or on 0414 715 101. I look forward to meeting you.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Due to REIQ legislation a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide.
