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Ideally located in the ever popular, constantly developing suburb of Newmarket and just moments to a major shopping centre, schools, parks and trains. This unique property is available for sale and features a Federation home and 3 flats. All are currently tenanted with long term tenants in place.
The property sits on a large 1186sqm allotment and holds many potential opportunities for further development to increase the return (STCA). The character home has 4 bedrooms, 1 bath, kitchen, generous living, dining areas, VJ walls, fireplace feature, high ceilings and a fenced front yard. The 3 flats are generous in size and have 2 bedrooms, 1 bath, kitchen, living, meals area and each have 2 car parks. The flats and house are in reasonable condition, but you can add value by renovating. They are individually metered for electricity, but not water.
Close to Newmarket Village and Reading Cinemas. Walking distance to Newmarket and Wilston train stations, parks, school and shops.
Features Include:
• 1 x 4 bedroom Federation House
• 3 x 2 bedroom Flats
• 6 under cover car parking and storage
• Block Size: 1186m2
• Block Dimensions: 18.7m x 62.5m (dimensions are sourced from Pricefinder and should
be used as a guide only)
• Not currently strata titled
• Rental: $1290 per week
• Gross Return: $67,080 per annum
• BCC Rates: $1793.47 per quarter
• School Catchments:
Newmarket State School (1.4km) & Kelvin Grove State College (2.4km)
• 650m to Newmarket Village
• 850m to Wilston Train Station
• 1.2km to Newmarket Train Station
• 4.1km to Royal Brisbane and Women's Hospital
• 5.5km to Brisbane CBD
For further information or to arrange a private viewing, please call Anne Gunson on 0407 114 189
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