DON'T JUDGE A BOOK BY ITS COVER

While this property wouldn't win any architectural design awards for street appeal, what it does represent is a sound investment opportunity. With long term leases in place, a cashflow positive ledger and around a 5% gross rental yield, this property is a solid long-term investment. Current leases are under market value providing the potential for even better returns in future years. <br/><br/>All three units have been renovated in recent years, including new kitchens with stainless-steel appliances and new bathrooms. With built-in wardrobes, tiled floors throughout and air-conditioning, each unit has its own allocated car park in the high-bay carport in the backyard. <br/><br/>Conveniently located, your tenants will enjoy easy access to the Gateway Motorway, and a short drive to the Wynnum/Manly foreshores! The property is also within walking distance to Kianawah Park, Twin Parks Shopping Centre, and Tingalpa State School, and falls in the Tingalpa State School catchment.<br/><br/>All units feature the following:<br/>• Built-in wardrobes to all bedrooms<br/>• Modern kitchen/s<br/>• Modern appliances<br/>• Modern bathroom<br/>• Split-system air-conditioning<br/>• Separate electricity meters<br/><br/>Current Leases Information<br/>• Unit 1 (front) - 2 Bedrooms $300<br/>• Unit 2 (middle) - 1 Bedroom $270<br/>• Unit 3 (rear) - 1 Bedroom $265<br/><br/>Investment Summary <br/>• Total Weekly Rental Income $835 per week<br/>• Total Annual Rental Income $43,420 per annum<br/>• No Body Corporate Fees<br/>• Currently Self-managed<br/><br/>Call Scott or Tom to book your inspection.