This is a great opportunity to secure a block of flats on a 655sqm unit site at a realistic price. The property is located at the top of the Mater Hill precinct, has sweeping views of the city and is within walking distance to South Bank and the city.
Consisting of a mixture of 1 bedroom and 2 bedroom flats, the property provides affordable accommodation and is popular with long term tenants. The property is in original condition, however, the present long term owners have provided all necessary maintenance. There is off street parking for up to 6 cars and undercover accommodation for 2 vehicles.
- The property consists of 5 X 1 bed, 1 X 2 bed, 1 X 3 bed flats. Currently returning $1,585pw ($82,420pa)
- Brisbane City Council Rates and Water – approx $10,000pa
- Located in the Brisbane State High Catchment Area
- Close to all inner city amenities
Don’t miss this opportunity to purchase a property that provides positively geared income with potential to build prestigious units in this sought after inner city location.