Circumstances have changed and all reasonable offers will be considered.

Calling all renovators, investors and builders. We have yet another great opportunity for you in the sought after suburb of Stafford.

Set on 810m2 of prime Stafford land (on two titles) and offering a very rare two street frontage (Stafford Road and Lowrie Lane) you will find this unique set of flats.

The break down is:
7 x 1 Bedroom flat
1 x 2 Bedroom Flat
(All with 1 carport space).

The current gross rental return is $93,340 per year which equate to a 6.9% return, with rates approx $1,050 per quarter and water approx $1,300 per quarter.

A number of the flats have had upgrades to the fit out in recent years, but the exterior of the complex is a blank canvas for the new owners to work their own magic on.

This 810m2 block is zoned Residential A and is currently being used as a Multi Unit Dwelling (8 Flats). There would be an opportunity to increase the return if the exterior of the complex was upgraded and other internal upgrades done.

For a detailed breakdown of the current returns per flat, and other information contact us today.

With a premium position, close to schools, local shops, cafes, transport and now with great access to the tunnel, this is an opportunity not to be missed.

Stafford, a post World War II residential suburb, is eight kilometers north of central Brisbane. Its southern border is Kedron Brook and the north is bordered by Stafford Heights, along a line running either way from Stafford Heights primary school.

Two street frontage on 810m2
Premium position close to all amenities
Current rental return of over $92,000 p.a
Entrance off quiet side street
Eight flats all currently tenanted
Must be sold