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LJ Hooker is pleased to present to the market a rare opportunity to secure an entire block of 5 dwellings in the heart of Labrador. This is the first time in 42 years, 21 Gordon Street Labrador has been offered for sale.
Set in a highly desirable location, for lifestyle and convenience, this is one site that will be an asset for the right buyer, with the potential of good rental returns.
The local area has seen a high demand for multi-dwelling development sites and this is a standout opportunity.
On offer are 4 clean well presented, 2 bedroom , 1 bathroom townhouses, plus the original 3 bedroom, 1 bathroom cottage positioned at the rear of the block. These 5 dwellings are on a 1148m2 single title parcel of land. All properties are tenanted, the majority with perfect, long term tenants, keen to stay.
NB - photos presented are of townhouse #1
Please note - ALL DWELLINGS ARE ON ONE TITLE AND CAN NOT BE SOLD SEPERATELY
Property highlights include:-
- town houses certified in 1993
- ideal long term investment hold with solid returns
- 1 148 m2 of land
- 20.5 m frontage , 57.4m depth
- zoned medium density - RD3 with a 9m height
- proposed rezoning to RD5
- 1 x 3 bedroom 1 bathroom, 1 carport cottage - currently tenanted
- 4 x 2 bedroom, 1 bathroom, 1 carport townhouses - all currently tenanted
- each townhouse in good condition and all 4 have a close to identical floor plan
- private, separate court yard
- covered carport with access to the townhouse
- one toilet upstairs and another downstairs
- full kitchen with direct access to the back court yard
- 2 good sized bedrooms both with built in robes
- air conditioning and fans
- bath/shower in each townhouse
- all currently tenanted with a combined rental of $1 770.00 per week
- power individually metered
- one water meter provides water to all 5 properties
Financials
Council land rates : $ 5 247.98 per annum
Council Water Rates: $ 1 064.00 per quarter (Approx)
Current rent: $ 92 000.00 per annum
Building insurance: $ 3 262.11 per annum
The Local Area
Moments to local schools, shops, sporting facilities, parks and the aquatic playground of the Broadwater.
Contact the local sales agent Catherine Nutt on 0433 247690 for further information.
Disclaimer:
Disclaimer: The information contained herein is obtained from owners and/or relevant and legitimate third-party sources. We have, in preparing this information, used our best endeavours to ensure that the information is true and accurate however, we accept no responsibility, offer no guarantee or warranty and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Interested parties must rely solely on their own inquiries to verify the information contained herein.
64 Frank Street, Labrador QLD 4215
Call Catherine Nutt on
0433 247 690
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