Situated on a substantial 1012m2 block in an elevated position, this five by one bedroom and one by two bedroom block of flats comes complete with city views.

Partly furnished, these spacious flats are currently undervalued and there is room for rental increases to bring them in line with their true market value.

Predicted obtainable rental return is $69,000 per annum in the blocks current state, going up to $78,000 if renovations are undertaken. Further increases could be achieved through extension and building more flats.

Each flat has two stair accesses and their own undercover parking area.

The property has two street frontages with entry for parking obtained from a quiet side street.

Both public transport and shops are within walking distance.

Less than four kilometres from the CBD on the Toowong/Auchenflower border.

This is a rare opportunity to purchase a complete block of flats that allow you to add value and profit. Ideal for the long term investor looking for a “cash cow”. Purchase today.

City views
Walk to shops
Close to transport
Can add value
Four kilometres to CBD