This is an excellent investment strategy that generates a solid profit and offers a fantastic return both now and over the long-term. This modernised two-level building, which hosts five apartments in total, earns $78K per annum income and requires minimal maintenance and caretaking upkeep. Units are as follows..
Unit 1 Returning $350 a week 3 bed 1 bath 1 car
Unit 2 Returning $290 a week 2 bed 1 bath 1 car
Unit 3 Returning $290 a week 2 bed 1 bath 1 car
Unit 4 Returning $290 a week 1 bed 1 bath 1 car
Unit 5 Returning $280 a week 1 bed 1 bath 1 car

Holding a prime position, in a leafy pocket of Coorparoo, makes this an attractive rental option for tenants seeking proximity to major bus connections and easy access to the city via car or train. The property is close to significant employment nodes too such as Greenslopes, PA & Mater Hospitals, along with various schools & recreational facilities. There’s top entertainment nearby at the vibrant Coorparoo Square, The Gabba Fiveways Precinct, Kangaroo Point cliffs and Easts Leagues Club to name a few.

Attributes include:
- Sizeable 827sqm level block
- Good rectangular shape
- North to south aspect
- BR4 zoned allowing for future redevelopment up to four levels (STCA)
- Fully leased building with $1500 per week rental return
- Great position close to shops, transport & employment centres

The property has been significantly renovated and presents with rendered exterior and quality paintwork. The block includes simple gardens and lawns which are neat and tidy. There’s wide driveway access to the five single lock-up garages on ground level and each apartment is assigned one garage that includes an individual laundry facility. There is also a handy storage area under the stairwell.

At the back of the property is the largest of the apartments which has a private patio entry. It includes a tiled open-plan living room with air-conditioning that flows to a good-size dining area and fully-fitted kitchen. The stylish design includes quality white cabinetry with stainless steel appliances and feature lights.

This neatly planned unit offers a simple configuration with three bedrooms, all with built-in cupboards for storage, large windows for fresh air and light and modern floorings. There is a central bathroom in modern condition with linen storage opposite.

Upstairs hosts the four other units which have been updated with either timber floors or modern carpets to open-plan living/dining and kitchen. All comprise of one large master bedroom with robe storage and an adjoining, tidy bathroom facility. Two units have a small second bedroom or study partitioned off from the living area. Highly rentable with current leases in place – this is a cash cow that’s ready to deliver to the incoming owners. Call today for a time to view.

We are committed to the health and safety of our customers and staff, and their families. There can be a maximum of 50 people in the premises at any time whist adhering to all social distancing (2m2 apart for spaces less that 200m2 and 4m2 apart for spaces more than 200m2) and strict hygiene requirements. Please also ensure that you follow social distancing measures and keep 1.5m away from each other.

All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.