The owners instructions are simple and clear – this property must be sold. This is the opportunity of the year! – A block of 6 units, all 2 bedroom, 1 bathroom, 1 car (under building), on one title, 809 square metres, in Sherwood Road, central Toowong, walking distance to Toowong Village.
The brick & concrete building is solid and sound, and each unit is well proportioned with large main bedroom, most also having large kitchens. All bathrooms have been updated, though kitchens are still original.
This is an impressive investment today, currently renting in total for $59,020 p.a. ($1,135/week). However a quick search of rental prices in Toowong will reveal the upside of this opportunity. Managed by an out-of-area agency, these units are potentially significantly under-rented as they are, let alone if you were to add value.
With such opportunity and potential, and with such clear instructions, this property will be sold. Simon says call today!
Features include:
* 6 x 2-bedroom, 1-bathroom units on 1 title
* Large bedrooms
* Large kitchens
* Updated bathrooms
* Car spaces under building – easily converted to lock-up garages
* Sherwood Road location – walk to Toowong Village & train station
* 809m2 of land
City Council rates: $1,650 per quarter
Contact Simon Ingram 0410 449 542.