* LJ Hooker are proud to present 187 Vulture Street, South Brisbane, QLD, 4101, to the market for immediate sale. Situated in an extremely tightly held precinct, less than (approx) 1km to the City.
* Extremely rare block of units, situated directly opposite Brisbane State High School. Unique opportunity to invest or occupy.
* Refurbished character art deco style units. Near new kitchen in all units. 2 units with new bathrooms.
* Current improvements: 4 units. Fully leased. 3 x 2 bedroom, 1 bathroom, 1 rear car space. 1 x 1 bedroom, 1 bathroom, 1 rear car space. Each unitshas polished timber floors, lounge/dining area and two access points.
* Prime 476m2 North Facing site, approx. 15m frontage.
* Long term tenants in place, rarely vacant the whole time current owners have held the property.
* Gross Income: $75,400 per annum. Current Net Income: $65,937.40 per annum. (This is after subtracting Council Rates & Water).
* Freehold Site. No body Corporate. Not strata Titled. Situated in the highly sought after Brisbane State High School Catchment, closely located to West End State School, Somerville House College, St Laurence’s College, St Ita’s Primary Private School, & Newly constructed Brisbane South Secondary School.
* The property is located footsteps from West End, and 2 blocks from Southbank. Arguably the last block of freehold residential prior to theCBD.
* CR2 Character Zoning. Potential for further development at rear of the property subject to council Approval.
* The property is being offered to the market for immediate sale. The sellers have provided clear instructions to sell.
* Submit offers to purchase in writing to mnicolas@ljhc.com.au
* Contact Exclusive Agent, Manoli Nicolas on 0400 082 170 for private inspection.