Auction
Sold
This is the first time this blue ribbon residential opportunity has come onto the market to finalise the estate. Prime block of 12 cavity brick units built in the 1970's by the current owners family, all with lockup garages on a huge land rich 1454m2 block of MR (Medium Residential) up to 5 levels. This cash cow is to be sold in one line and has low vacancy rates, giving the buyer a strong holding income of approximately $185,000 a year gross
* to be sold to finalise the estate
* prime position so close to the CBD
* most units freshly painted, modern kitchens
* potential to value add on this under utilised block
* spacious 10 * 1 bedroom units and 2 * 3 bedroom all with lockup garages
* superb elevated level block with approximately 28.5m frontage
* prime location at only 4 km to CBD and walking distance to Windsor Park
* shops, train, restaurants are only minutes away
* approximately $185,000 gross income per annum
Close to the Royal Brisbane Hospital, easy access to the airport and the northern busway this property will tick all the boxes. The developer, self managed super fund or astute investor will realise the potential of this land rich property and future landbank opportunity. You will not be disappointed, sit back relax and enjoy the capital gain !! Make no mistake this property will be sold to finalise the estate.
AUCTION: In rooms at L J Hooker Stafford : 205 Stafford Rd Stafford on May 9th 2015 at 12.00pm
Description: Lot 2 on RP 49690
Rates: $2300 approx per quarter
Water and Sewerage:$2500 approx per quarter
Insurance: $3728 per annum
Community Power: $80 approx per quarter
* The outline in the photograph is only indicative of the boundaries.
*This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only.
205 Stafford Road, Stafford QLD 4053
(07) 3357 1888
RICHARD MIROSCH
0414 512 776
