**Inspection by appointment. Please call****Car access via corner of Burt & Dowling Street**Owned by the current owners for the last 33 years is this fantastic investment opportunity in the heart of Auchenflower. With last years rental returns just shy of $90,000 gross, this property has never disappointed its owners. A history of low vacancy and long-term tenants is due to this ideal location, being a 4 minute walk from Auchenflower train station, a 4 minute walk to the closest city-bound bus stop, 5 minutes to The Wesley Hospital and only a 10 minute walk to the Regatta CityCat.Features include;- Zoning: LMR2. With traditional building character overlay- Built prior to 1946- Elevated & breezy position- Safe bike and pedestrian access to Coronation Drive riverside bikeway- Each self-contained flat has own kitchen, bathroom & is partly furnished- Own internal laundry in each flat, (except flat 2&3 share a secure laundry)- Individually metered gas & electricity- 2 entries/exits to each flat- The owners have just recently taken advantage of the flexibility provided by Airbnb for Flat 4, and have already enjoyed an increased income- Low maintenance gardens- 3 flats have renovated kitchens with 2pak cupboards & granite benchtops- Car spaces not allocated but room for more than 5 cars* Gross income:Rents Financial Year ending June 2016 Current rent/week#1/57 $16,750 1bed $330#2/57 $18,720 2bed $360#3/57 $16,215 1bed $295#4/57 $17,810 2bed +study. Previously rented at $378#5/57 $20,280 2bed $390= $89,775 per annum*Outgoings:- Insurance. $3145.75 per annum (Public Liability =$20million)- Water & sewerage. $1,200/qtr- BCC rates. $919.76/qtr- Electricity for communal areas. $128 last qtr.= $12,136.79 per annumClose to;- Auchenflower train station- 350m- Bus stop to Brisbane CBD- 290m- Regatta CityCat- 1km- The Wesley Hospital- 450m- Brisbane CBD- 4kmsA great addition to your SMSF. Inspect now, better than money in the bank!