This ground floor apartment located in a boutique complex of only four apartments ticks a lot of boxes. Located just meters from schools and shops and boasting an open plan style with a private courtyard and two decks! you will be amazed by the potential. With low body-corporate fees and lots of potential this property will suite the astute investor, downsizer or first home buyer.

KEY FEATURES

2 bedrooms with built in robes
Ensuite to master
Bathroom with bath
Linen cupboard
Open plan kitchen
Combined lounge and dining
Under-cover deck
Private fully fenced courtyard
Private lock-up garage

FINISHED WITH

Air-conditioning to lounge
Dishwasher
Intercom
Electric stovetop
Remote lock-up garage
Wooden shutter blinds

INVESTOR’S CORNER

Built in 2003.
124 square meter ground floor apartment.
Located in the Indooroopilly State School Catchment.
Possible rental yield of 4.5%.
Fixed term rental ending on the 25th of March 2022.
Tenant paying $360 per week – current suburb average is $420 per week.
Not in flood area – as tested this week!
Body corporate fees of $92 a week (paying for building insurance, sinking fund, pest control, public area cleaning and landscaping, safety compliance, etc).

Sinking fund balance of over $72,000 as of February 2022.

This property will require some minor renovations to floor coverings and fixtures however this is an opportunity not to be missed. A blank canvas ready for a passionate new owner to make this home their own in a beautiful pocket of Indooroopilly. Located just 15 minutes from Brisbane’s Queen Street Mall this unit is central, light-filled and a rare find in a popular market.

Call me today for more information or to organise an inspection. Keep an eye out for open homes – First date for inspection set for the 12th of March!

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