This is a magnificent opportunity for an astute investor to purchase an entire block of fully leased flats and benefit from an annual income of $91,780 and exceptional long term growth potential!
Situated on a large 860m2 block of land, the property is improved with 6 x 2 bedroom, 1 bathroom flats. The land is also zoned Low-Medium Density Residential (2-3 storeys) and provides fantastic potential to take advantage of the high holding income in the short term and develop further in the long term (STCA).
The property benefits from an ultra-convenient location within walking distance of Zillmere Train Station, City Express Bus Stops and Zillmere's retail precinct. Zillmere is just 13km north of Brisbane's CBD and is just 5 minutes drive from Westfield Chermside Shopping Centre (Queensland's largest shopping Centre) and provides easy access to the Brisbane Airport and Gateway Motorway.
Key Features:
* All Flats are fully leased, have undergone refurbishment over recent years and present to a good standard making them extremely easy to rent.
* Flat 6 (located on the ground floor) is one of the most recently renovated, is double in size and would be perfect for an onsite owner/manager. Flat 6 also benefits from an exclusive courtyard.
* Each flat has a generous single lock up garage, with Flat 6 having its own internal access direct from its garage.
* There is a shared laundry for Flats 1-4 and Flats 5 & 6 have their own laundry.
* There is a large storage room on the ground floor - perfect for owner/maintenance equipment storage
* No body corporate fees
Outgoings for the year are:
* Council Rates: $4,911.40 (approx.)
* Water Rates: $4,000.00 (approx..)
* Insurance: $2,666.76 (approx..)
A summary document of lease profiles, rental income and expenses can be provided on request.
Opportunities like this don't last long! Call today to organise an inspection.
- Air Conditioning
- Split-System Air Conditioning
- Reverse Cycle Air Conditioning
- Balcony
- Courtyard
- Secure Parking
- Built-in Wardrobes
- Floorboards
- Pay TV Access
