ART DECO UNIT BLOCK circa 1930's
- 12 Beds
- 6 Baths
HIGHLY PRIZED AND RARELY FOUND INVESTMENT UNIT BLOCK. ENVIABLY POSITIONED IN 'THE GABBA' THE PROPERTY IS SITUATED APPROX 3 KLMS FROM THE HEART OF THE BRISBANE CBD PRECINCT.
On one title and of solid brick construction the block consists of 6 x 2 bedroom large fully self contained units. With high ceilings and spacious rooms, features of a bye gone era are evident. Convenient inner urban living is enhanced by the ease of access to shops cafe's restaurants and the Princess Alexandra Hospital which makes this a very special and mouth watering opportunity.
Currently fully let the units are returning $114,660.00 pa. The outgoings (Council Rates, Water Rates, Insurance and Agents management fees) are rounded up at $22,000.00 which shows a Net Return of $92,660.00 annually.
THIS PROPERTY IS SERIOUSLY FOR SALE AND A VERY RARE OFFERING.
Andrew Sim 0426 582 818
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