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Better than Super - Potential 12.85% return.
Land Value Close to $900k
15 Montpelier Street is the perfect addition to your investment portfolio. Returning approximately $120,000 per annum at present, there is ample opportunity to improve your returns through some cosmetic or more substantial renovations.
Potential to Increase to $212,000 pa...12.85%
Rates: $1,353 p.q | Water: $188 + usage p.q
Features include:
- Strong rental return of approximately $120,000 per annum;
- Lower level floorplan is in a Rooming house style with nine rentable studios;
- Upper level is lovely three-bedroom apartment that can be rented out as a whole, with a rental return of approximately $550 per week;
- You could Convert this large dwelling into an expansive family home in a hugely desirable location.
The intelligently designed floorplan of this property has a total of nine bedrooms on the lower level, which can be rented out individually. Each bedroom has ample room for a bed and sitting area with its own kitchenette, room to put in an ensuite. Currently there are communal bathrooms and laundry facilities. This style of accommodation appeal to young professionals and students seeking a convenient location and a space to call their own.
Upstairs, a three-bedroom apartment is on offer. Bright and airy, this property will appeal to a wide array of tenants; each of the bedrooms are generously sized plus there is an additional sunroom and outside entertaining areas. Perfectly comfortable as is, there is the potential to dramatically improve your rental return with some cosmetic/minor works.
Located in one of Clayfield's most sought after streets, 15 Montpelier Street is walking distance to public transport, restaurants, cafes, and other trendy outlets. Oriel Place is just around the corner with a variety of thriving eateries, there is easy access to the QUT Gardens Point campus, Griffith University and Clayfield College. With such a location, your occupancy is assured.
Again, this property must be sold and is an ideal investment opportunity, high returns and low interest rates. Put your foot on it now.
Contact Clive O'Kelly 0416 199 796 or Sandra O'Kelly on 07 38444244 for further information.
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