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Located in the desirable and central suburb of Northgate, this updated and affordable 2 bedroom unit presents a fantastic opportunity, offering comfort and practicality for years to come for the homebuyer, or an outstanding gross yield of up to 6.9% for the astute investor, currently rented at $320 per week. Set on an enormous 1,882m2 allotment zoned for building units, this small complex of only 10 low-rise apartments offers it's owners the potential of strong capital gain as a future unit redevelopment site**. Conveniently positioned just a short stroll to Northgate Train Station, shopping and café strip, this property ticks all the boxes for capital growth with rental demand, ideally located only a five-minute drive to the Gateway Arterial, DFO and Brisbane Airport.
Features include:
*Combined living/dining with reverse-cycle air conditioning
*Beautiful polished hardwood timber floors throughout
*Generous bedrooms, both with built-in wardrobes and ceiling fans
*Updated kitchen, gas cooktop, front-loading clothes washer
*Modernised renovated bathroom with feature tiling, linen cupboard
*Modern interior decor, updated blinds and lighting throughout
*Rear access to extra-large common yard/garden area, clothes line
*Single covered carport underneath, room for small storage shed
*Shared laundry also available, with exclusive laundry bay, tub and power
*Well maintained low-rise complex; pet friendly; low Body Corp fees
*Currently rented for $320 per week with excellent tenants in place
*Managed by Bluestone Property; rental income and expenditure report available
*Neat and well maintained property, ideal for the homebuyer or investor alike
**Complex has great potential of strong capital gain as a unit redevelopment site
**Site zoned LMR 2 Low Medium Density Residential (2 or 3 storey mix)
**Site has potential to take 24+ two-bedroom apartments, subject to strata renewal
Inspection is essential and easy to arrange. Please contact Joe Hawes for more information on 0405 045 381.
Disclaimer
1) Do not rely upon the above statements or representation as factual because these particulars do not form part of any offer or contract. They are not intended to make or give representation or warranty whatsoever concerning the property, and any intending purchaser or lessee should satisfy them self by inspection or otherwise as to the correctness of the same.
2) The services, equipment and facilities, e.g. pool pump, hot water system and electrical systems have not been tested by the selling agent, and any potential purchaser should satisfy them self with by inspecting or otherwise.
3) The photographs illustrate parts of the property as were apparent at the time taken. Any areas, maps, measurements or distances are approximate.
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