This is a unique opportunity to acquire a block of renovated purpose built flats in a sought after residential area 100m from the Brisbane River.

The brick complex located on a 607sqm block is ideal for:
- Investors looking for solid returns ($1,070pw – Gross Return 6.2%, Net Return 5.5%);
- Self Managed Super Funds;
- Owners wishing to live in one of the units and renting out the other two; and
- Extended families

Each unit features:
- 2 spacious bedrooms with built-in cupboards
- Modern tiled bathrooms
- Open plan living areas
- Stylish kitchen with lots of bench space, cupboards and a separate pantry
- Separate large internal laundries
- Lock up car accommodation
- Solar hot water

This property is insulated from the uncertainties associated with the glut of new residential developments on the market, as it has many features attractive to tenants that few of those developments share, such as:
- Its residential area feel, amongst houses in a quiet suburban street, away from main roads;
- Surrounded by mature trees and shrubs; and
- Close to numerous expansive, grassy parks

And yet it is also close to:
- The river, riverside parks and walking/cycle paths;
- Transport (bus and train);
- Shops (large Coles supermarket at Fairfield Gardens);
- The ‘Green Bridge’ to the University of Queensland; and
- The CBD (20 minutes cycle)

Tenants love living here and turnover is very low. In over four years since the property was renovated, only two tenants have left – one who bought her own property, and the other to return home overseas. Each time, the current owners were spoilt for choice with high quality applications, and new tenants moved in immediately after the previous tenants vacated. Rental returns here are stable and reliable. The current owner has a comprehensive insurance policy (cost $5,079pa) which provides building/flood insurance plus 12 months income protection.

Rates Notice – Approx $3,777pa
Water – Approx $2726pa

This is a great opportunity to secure a solid investment / lifestyle property.