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Red Hill QLD 4059

  • Other
  • 220 m²
  • For Sale, Forthcoming Auction

New Instructions, we are going to Auction!

All Pre-Auction Offers Considered!
Here is your chance to enter the property investment market with an affordable rental property suitable for beginner investors.

A purpose built 1960's Multi Dwelling Flats (1 x 2 bedroom + 2 x 1 bedroom ) on a easy to manage 549m2 of land, zoned LMR. This building of brick veneer construction is in an overall good state but with some cosmetic flare inside and out not only are you making it look fabulous for better rental returns, you are increasing the property's value.

So well positioned just a couple kilometers from the CBD and located just around the corner of Waterworks road with easy access to Paddington, Bronco's leagues club, Hospitals, local shops, while Public transport is a short walk away. Currently this property generates a reasonable, steady annual holding income and is always fully let. The property even lends itself to a re-design but most of all it suits long term investors who are looking for a stable, inner city district with lower vacancy rates and good capital each year. A good opportunity not to be missed!

The Brief;
*Block of 3 brick veneer flats
*4 beds, 3 baths, 4 car parks
*549m2 land area, zoned LMR
*$48,100 gross holding income
*Value add for much better rents
*Live in 1 flat rent & the others
*Potential to revamp, re-design
*Potential to redevelop as well.

For further information or to arrange a Inspection appointment, please call.

Property Highlights

Property ID2014982452
Floor Area220 m²
Land Area549 m²
Parking4 x Onsite parkings
Building TypeWhole building
Annual Return48100%
AvailabilityTenanted
Category
Last updated  21 Nov 2019
Map for Red Hill QLD 4059
Remax Street
1/107 Gladstone Road Highgate Hill QLD 4101

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