Units can be purchased individually for $350,000+

On an elevated 885m2 of LMR zoned land this five x two bedroom, one bathroom block of cavity brick flats has district and city views from the front of the property.

With extra GFA available council may allow you to build an extra three bedroom flat on top of the existing structure for even better views of the CBD.

All flats at the property have been updated and are currently returning an excellent rental income.
However bringing rents at the property in line with their current market value would give you a projected rental return of $82,000 per annum.

All flats have built in robes in bedrooms, security grills throughout and a dedicated undercover car park.

Easily strata titled this low maintenance investment is always occupied and has a high land value component.

Superbly located this block is a short walk from shops, public transport and schools within close proximity of two Griffith University campuses.

Less than 8km from the CBD with a direct and east route to it.

An ideal investment for an astute purchaser looking for a property with strong holding income, significant upside and great future redevelopment potential.

Secure this now.

Sustainability Declaration available from Coorparoo office.

5 x 2 bed, 1 bath
Build 1 x 3 bed
885m2 LMR
City, district views
Easily strata titled
Excellent rental income
8km to CBD
Walk to shops, bus, schools
Close to Griffiths Uni campus