This fantastic block of two seperate dwellings presents the most exciting value for money Brisbane has on offer. With clear instructions to sell this property, the most astute buyer will reap the rewards in future years as well as immediately prospering from this great property. With a rental income of $365 per dwelling, per week ($730 per week over-all) and a Rateable Land Value of $630,000 the figures well and truly stack up enough to put a smile on any buyers face!
Here are the facts of this great property:
⢠2 x Block of brick units. Each 2 Bedroom, 1 Bathroom, 1 Carpark, Rear Decks, fenced back yards, fully landscaped.
Multi dwelling Duplex Units Rare Prime Location 1 & 2/115a Arthur Tce Red Hill
⢠Excellent rental income appraised at $730 per week ($365 per unit x 2) $37,960 p/a
⢠Opportunity with additional extension potential to increase rental yield
⢠Not Strata Titled and no body corporate fees
⢠Only a couple of kms from Brisbane CBD
⢠Land size 630 sqm
⢠Property size 222 sqm
⢠Never vacant due to high rental demand located in the exclusive inner city Red Hill location with bus stop metres away
⢠Unit number One has additional features of Air-Conditioning and full security screens
⢠Very private quiet location neatly tucked away on a battleaxe block
⢠Opportunity for first home buyers to live in one and rent out the other
⢠Also opportunity for serious property investors to increase their property portfolio with rental cash flow positive income
⢠QUT Kelvin Grove, Ithica Tafe, Broncos, Supermarkets, Cafes, Parks, Transport, Royal Brisbane Hospital, Paddington, Brisbane CBD all around the corner
⢠Opportunity not to be missed!
This property is located on a battle-axe shaped block offering space and privacy away from the hustle and bustle of popular Arthur Terrace and presents a great opportunity to secure a property that you can rent out now and hold onto while the value continues to go up.
As the new owner you would have two neat and tidy units both with two bedrooms, one bathroom, fenced backyard and a single carport each. They each have an open-plan living, dining and kitchen area, laundry room and a deck at the rear of each unit.
The units are both well maintained with floating floorboards, crisp and clean colour schemes, modern bathrooms and kitchens with quality appliances and tiling, as well as a generous amount of palms and gardens surrounding the property for added shade and privacy.
Unit 1 also has the added benefit of security screens as well as air-conditioning and built-in robe in bedroom.
Potential renters will love the location and the affordability with a rental price on each appraised at $365 per week.
The units are not Strata Titled so there are no Body Corporate fees to worry about so the costs are even less – leaving more in your pocket to update, upgrade or extend the duplexes to increase value!
There’s also the potential to live in one unit while you make an income from renting out the other – perfect for first home buyers!
Arthur Terrace is conveniently located with walking distance to everything you could need – cafes, restaurants, parks, public transport and other shopping options.The area is also close to Gilbert Park, Broncos Leagues Club, QUT Kelvin Grove, Royal Brisbane Hospital and is less than 4kms to the CBD. Nearby popular suburbs such as Paddington and Ashgrove offer a plethora of boutique shopping and dining options and entertainment venues.
This is a fantastic opportunity to secure a low maintenance investment in a tightly held Brisbane suburb. Contact Coronis to find out more!
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- 2 x Block of brick units. Each 2 Bed, 1 Bath, 1 Carpark with Rear Decks
- Multi dwelling Duplex Units Rare Prime Location
- Excellent rental income appraised at $730 per week ($365 per unit x 2) $37,960 p/a
- Not Strata Titled and no body corporate fees
- Land size 630 sqm/ Property size 222 sqm