Welcome to 60 Tait St, Kelvin Grove, an intriguing investment opportunity in one of Brisbane’s finest suburbs.
Currently rented as Shared accommodation made up of 3 distinct units:
Upstairs – 4 Bedrooms, 1 bathroom, lounge, dining and kitchen, with a large balcony off the dining area.
Downstairs – Separate 1 bedroom, 1 bathroom unit with it’s own balcony.
Separate “Granny Flat” – Offering a bedroom, combined lounge and dining and a bathroom.
Currently rented for a total gross weekly return of $1,320.00.
All of this positioned on an 810sqm block (2 lots) in the heart of Kelvin Grove. Large blocks are so difficult to come by in Kelvin Grove and this offers future potential for the new owners to future develop or separate the 2 lots (subject to council approval).
The house itself has some beautiful character features including VJ’s and ornate ceilings throughout the top floor. If you are an owner occupier 60 Tait St definitely shows potential for a wonderful renovation to become a premium family home.
Notable Features:
- Character home on a 810sqm block (2 Lots)
- Three self-contained living opportunities for tenants
- Multiple types of accommodation offering range of tenancy options
- Recent renovation that has been well maintained by the current owners
- Located in a High Demand Area, walking distance to QUT and RBH and only 2 km’s from the CBD
- Tenants in place
About Kelvin Grove:
Kelvin Grove has become a popular suburb for a range of people wishing to live close to Brisbane City, Queensland University of Technology (QUT) and the Royal Brisbane Hospital.
The suburb’s proximity to the city makes it a popular residence for young people, who study at QUT’s Kelvin Grove campus, or commute into the city centre for work.
Located less than 4km north west of Brisbane’s CBD, it is a hilly and pretty suburb. It has experienced good growth in median house prices over the past five years as buyers have taken advantage of the suburb’s proximity to the city.
Kelvin Grove has had an infrastructure boom over the last 5-7 years with the development of the Kelvin Grove Village. The village is home to a number of shops, cafes, restaurants and a Woolworths. The Village is also the site of the weekly Kelvin Grove Farmers markets – a popular attraction of the suburb.
Well serviced by buses with easy access to the city along Kelvin Grove Road and other major roads, Kelvin Grove will continue to attract residents and tenants.