Kedron, Address available on request

$1,685,000
Bedrooms8 bathrooms6 parking6

6 Units - 5.3% return

Summary
  • Property ID
    :
    2622
  • Market Status
    :
    Available
  • Price
    :
    $1,685,000
  • Category
    :
    Block Of Units
  • Suburb
    :
    Kedron
Details
  • Land Size
    :
    809 Square Metres
  • Bedrooms
    :
    8
  • Bathrooms
    :
    6
  • Garage Spaces
    :
    6
  • Toilets
    :
    6
Features
  • Remote Garage
  • Pay TV Access
  • Split System Air Conditioning
  • Electric Hot Water
Sited on 809m2 this building with 6 units is a must for anyone wishing to expand their property portfolio.

Located just 6kms north of the Brisbane CBD, in Kedron, it is only 11 minutes to the Brisbane Airport via the Airport Link tunnel or with direct access to the M1 heading to either Sunshine Coast or Gold Coast, this property is ideally located.

Also, being 350m to the Kedron Bus Interchange, it is ideal for public transport access to the northern suburbs or the City. Medical facilities and shopping centres are nearby. Bikeways and Parklands are just a minute away and this location is desirable.

This solidly built block of 6 units, - 1x3 bedroom, 5x1 bedroom - was built in the 1970's of double brick and concrete suspended slab. All units have one bathroom and one very large lock up garage with automatic door closer and private laundry within.

When you own a property like this, you just want 100% occupancy and opportunity to grow the rental income. This building is well positioned for both.

REASONS TO INVEST:

* Returning over $89,000 in rent per annum - an attractive yield;
* Great location, close to amenities and transport;
* Low vacancy - cheaper rents than newer apartments ensures this;
* 3 units already updated - 3 available for updating to improve rental incomes;
* Long term tenants with fixed period leases in place;
* No body corporate - all units on one title. This also offers another opportunity for investment by allowing the new owner the ability to strata the units for individual sale.

This investment will make sense to an active investor looking to make capital improvements to grow the rental income.

A detailed Information Memorandum is available.

Contact Seller

To enquire about this listing please call 1300 24 22 69

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