88 Gainsborough Street, Moorooka QLD 4105 | Coronis Realty Coorparoo

Offered to market for auction, is this immaculate cavity brick unit block will impress with its ready-made investment and capital growth opportunities.

Set on a 809m2 block in a quiet, elegant pocket of Moorooka, this five-residence building is generating approximately $79,560 per annum in rental income. The property’s five (2 x 2 bedrooms & 3 x 1 bedrooms) units offer a choice of expansive floorplans, each boasting internal laundry facilities, 3 of the 5 have had updated kitchens and paint jobs throughout, as well as exclusive car spacing for each unit.

10km from Brisbane CBD
Positioned in a quiet locale
Current tenure in excess of 32 years
Positioned centrally on a 809m2 block
Currently returning $79,560 per annum*
Complex of 5 units – 2 x 2 bedrooms & 3 x 1 Bedroom units
* – approximately

Located just 450m from the Moorooka Train Station and 10km from Brisbane CBD, this centrally located unit block is just a stone’s throw away from local cafes, bars, supermarkets and is within the Moorooka State School and Yeronga State School catchments.

Beautifully maintained and landscaped, the property boasts a striking street appeal set amongst a quiet neighborhood. Meanwhile, quality updates throughout have been undertaken with exceptional attention to detail. The building also has a secure lock-up storage room on the ground level also.

Outgoings:
Water Rates – Approx. $500 per qtr.
Brisbane City Council Rates – $1,397.50 per qtr
Presenting a flexible yet secure and low maintenance investment just 10km from the CBD, this block of units is a must-consider. For further information or to arrange an inspection please contact Solomon Michael or Jackson Kanaris.

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Information contained on any marketing material, website, or other portals should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.

Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.