Located in one of the prime suburbs in Brisbane, this property is in Clayfield and is 6km to the city.

Call the Sales Hotline and use the PIN: 2221

This property is grossing $7145 per month which is $85,740 per annum. Serious investors looking for a 5% return on gross income are invited to submit offers.

All rent is paid per calendar month in advance on the 2nd of the month meaning one simple check per month for rent dues (one tenant pays on the 14th due to their work pay cycle).

The property is renovated internally and externally and has a 40yr depreciation schedule prepared by BMT Tax Depreciation Quantity Surveyors with the depreciation for the Diminishing Value Method claimable the FY17 of $11616, the 2nd yr of the 40yr cycle.

The units are unfurnished self contained 1 bedroom units/bedsits on fixed term RTA Form 18a leases with 4 out 7 leases have tenancies longer than 3 yrs indicating low turnover with a solid tenant base. Five out of 7 units have large 5KW+ capacity split system airconditioners, all units have ceiling fans.

The internal photos attached are generally typical of the interior with polished timber floors, kitchen, bathroom and shower areas.
There is a common laundry under the house, with an 8 panel solar array for house power consumption costs, approx $100/qtr
There is off street parking for at least 8 cars in total, with a large concrete hardstand and 2 undercover spaces.

There are drawings prepared for possible development opportunity subject to Council approval of additional 4 x 1br units with BCC feedback recommending a Pre-lodgement meeting.
The current building cannot easily be moved due to the pre-1911 overlay of BCC city planning requirements.

Latest water rates Jan 2017 were $976 for the quarter.
Latest BCC rates for up to June 2017 were $983 for the quarter.
Ins building and contents with Regional Ins brokers for $1.6M (rounded) was $5K (rounded).

Nearby are the Clayfield markets and local shops, Toombul Shopping Centre, Eagle Junction and Clayfield railway stations, Brisbane Airport, easy access to the Airport Link tunnel and Gateway motorways, bus routes, Clayfield College, Eagle Junction State School etc.

To book an inspection please use the RED ‘Email Agent’ tab (on a desktop) or RED ‘Email Agent’ (on an Android) or RED ‘Send’ tab (iPhone or iPad) which will go directly to the person managing the property.