Quality block of units in a great location with further development potential!

This property currently consists of six spacious units with 2 bedrooms, 1 bathroom and 1 or 2 car parks . There is also further potential for investors to build an additional unit or townhouse at a size of approximately 144m2 (subject to council approval).

Situated in a fantastic location only 13.9km from the CBD in an area with very high occupancy, it is in close proximity to the Nundah Village retail precinct and only a 10-minute walk to Nundah train station.

Current income:
Unit 1 – $320 p/w
Unit 2 – $330 p/w
Unit 3 – $320 p/w
Unit 4 – $330 p/w
Unit 5 – $320 p/w
Unit 6 – $330 p/w
Total = $101,400 PA approx.

Outgoings:
Rates: $370 approx. per unit, per ¼ = $8,880 pa approx.
Water: $370 approx. per unit, per 1/4 = $8,880 pa approx.
Insurance: $1,250 pa approx.
Common electricity: $400 pa approx.
Total = $19,410 approx.

This block is an incredible investment opportunity in a great location with multiple options for investors to increase value and rental yields. A rental appraisal report from North South Executive Rentals and town planner information regarding further development is available on request. Contact Domenico for further information or to book a private inspection.