JUST 2 MINUTE WALK TO REDCLIFFE HOSPITAL AND IGA SHOPPING COMPLEX

1011SQM IN MEDICAL PRECINCT – HEIGHT 21METRES – can be medical, commercial, retail and residential

The main house is 4 beds, 3 bathrooms plus own separate lock up garage and rear carport.
The separate2 bed x 3 unit villa complex is located at the rear of the block with their own separate driveway and separate carport area.
Situated on 1011sqm block in the medical precinct of Redcliffe – opportunity to live in the main house and look at running the villas on a short term accomodation to create larger income returns.

House
4 spacious bedrooms with built-ins
Modern kitchen with appliances
Outside entertainment deck
Fully fenced for privacy
Solar energy

Units
3 x 2 bedroom strata units
Both bedrooms have built-ins
Spacious open planned living & dining areas
Kitchen with plenty of cupboards, bench space & electric cooking
Combined bathroom & laundry
Separate toilets
Separate single carport
Individual north facing fenced courtyards

The individual villas achieve approx $820 per week in rental income under fixed term unfurnished leases. The current owner will lease back the main house at $600 per week for a 12 month period.

Great opportunity to improve rental returns on existing villas – plus 1011sqm of land in medical precinct.