Located in one of Brisbane’s Best & Most Sought after Suburbs’, this is your opportunity to buy into New Farm and invest into a bright future.

Perched on 584 m2 of prime New Farm real estate, and just Over 1km from the CBD, is this two storey brick-clad house which is currently home to seven separate 1 and 2 bedroom flats currently generating approximately $61,100 per annum.

Downstairs there are 2 self contained units (one has two bedrooms and the other has one bedroom) and upstairs there are 5 flats (each flat has a bedroom, its own kitchen and three also have a small lounge). The flats are treated as a boarding house (and is registered as a boarding house)

There are plans available that convert the flats upstairs into 5 or 4 or 2 or 1 bedroom units – the plans also allow for an extra bedroom to be added to each unit downstairs (request copy from agent).

Property Specifics:
- 584m2 Allotment zoned LMR
- 19m frontage and 30m depth
- Off street Parking
- Fully Tenanted 6×1 and 1×2 Bed flats earning approx $61k p.a.
- Close to Shops, Restaurants & Cafes
- Close to Schooling & Public Transport
- Close to City

Accommodation Specifics;
5 Flats upstairs:
Flat 1: 1 bedroom; 1 Kitchen
Flat 2: 1 bedroom; 1 Kitchen; 1 Lounge
Flat 3: 1 bedroom; 1 Kitchen; 1 Lounge
Flat 4: 1 bedroom; 1 Kitchen; 1 Lounge
Flat 5: 1 bedroom; 1 Kitchen
Upstairs flats share a communal bathroom

2 Flats downstairs:
Unit 6: 1 bedroom; 1 Kitchen; Dining room; Bathroom
Unit 7: 2 bedroom; 1 Kitchen; Dining room; Lounge; Bathroom

This property offers keen investor’s an ideal opportunity to secure this sought after property with the potential for future development (request copy from agent) – For further information, or to arrange a private viewing, please contact Justin Hagen.