Positioned at the front of a 991m2 block of LMR zoned land and not in a DCP these 3 x 1 bed, 2 x 2 bed flats have been updated and are always occupied. Currently returning $72, 540 per annum, rents at the property are undervalued, with a potential rental return of $75,400 per annum easily attainable.
- Positioned in a cul-de-sac, bordering Greenslopes, less than 6km from CBD with direct and easy route to it
- Short walk to bus, shopping centre, school, park and moments from Greenslopes Hospital
- Flats have updated neat practical kitchens with dishwasher and stainless steel appliances
- Flats have updated bathrooms, internal laundries, sizeable bedrooms
- Currently using approx. 260m2 GFA, extra GFA available to build more units
- Astute investment, future development site with excellent holding income
- High council site value for land