Ads By Google
It is hard to find a good return when it comes to residential real estate but this cash cow is a rare exception. With a 7% return, the once proud turn of the century landmark has been converted into 5 flats and sits on a glorious 1138m2 double block - two allotments.
Conveniently located just 600m to Ashgrove Central and 4km to the Brisbane CBD, this versatile piece of real estate is blessed with more options than a swiss army knife. Generating a steady income stream, the superbly maintained multi-dwelling consists of 4 x 2-bedroom flats, a roomy 4 bedder and undercover car accommodation for 5 vehicles.
- 1138m2 block with 22m frontage
- 4 x 2 bed, 1 bath flats & 1 x 4 bed, 1 bath flat
- 7% gross return & fully tenanted
- Under cover car accommodation for 5
With plenty of upside and scope to increase the yield, it is an out of the box investment with potential to subdivide a 600m2 rear block (STCA).
Contact Bonnie D'Arcy on 0423 005 563 for the ingoing’s/outgoings and building reports.
Ads By Google
