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Better Value, Better Return With More Upside & Long Term Tenants - 991m² - Must Be Sold!
- 7 Beds
- 5 Baths
- 5 Cars
This fully-tenanted complex has two tenants that have been here more than a decade and consists of two two-bedroom, and three one bedroom one-bathroom apartments in a well located cul-de-sac for convenience backing onto peaceful reserve on a massive 991m2 LMR block. Owner has had a change and circumstances and will be selling.
Currently 5 Units including:
2 x 2 Bedroom 1 Bathroom (Larger than most 2 bedroom units with extra sleep-out)
3 x 1 Bedroom 1 Bathroom
Fully Tenanted complex with D.A. Approval in place for 10 Apartments including :
2 x 1 Bedroom 1 Bathroom
6 x 2 Bedroom 2 Bathroom
2 x 3 Bedroom 2 Bathroom
There is no body corporate with single title and no problem with further development given the property has received DA approval.
The gross rental income is $75,000 per annum at the moment.
Located in Holland Park West, nominated as one of the most popular residential suburbs, this property is surrounded by the characteristics that continue to make this suburb grow in prominence & desirability. New caf's and meeting places are continuing to open, close at hand are childcare centres, state and Catholic primary schools, Garden City Shopping Centre, Holland Park Shopping and Caf Precinct, public transport as well as private and state primary and high schools. And only minutes away is easy access to the South-East Freeway and bus way - taking you to the CBD and the Gold Coast.
- 5 fully-tenanted units
- Two 2 Bedroom and three 1 Bedroom, one-bathroom apartments
- No body corporate, single title, easy management
- Gross rental income of $75,000 per annum
- LMR zoning with D.A. Approval for 10 unit development
- 991sq m block
- Walking distance to parks, cafes, bus, shops & schools
- Cul-De-Sac position in popular location
Unit 1 - $315 per week
Unit 2 - $300 per week
Unit 3 - $280 per week
Unit 4 - $285 per week
Unit 5 - $265 per week
For further information on the D.A. Approval already in place or to organise your inspection please contact Michael Lanskey on 0402 125 847.
991m² / 0.24 acres
5 carport spaces
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Holland Park West
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