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Description: Offered to market as a single entity for the first time ever, this immaculate cavity
brick unit block will impress with its ready-made investment and capital growth
opportunities.
Set on 997m2 block in an elevated and exclusive pocket of Coorparoo, the six-residence building with city views has been generating approximately $2370 per week in rental income.
Located just 100 metres walk from an express bus stop (16 minutes to and from
the CBD plus direct access to Westfield Carindale), the property is also moments
from the South-East Freeway, Hospitals, local cafes, Coorparoo Square's restaurants, bars, multiple supermarkets and cinemas; and within the catchment of the coveted Holland Park State School and Cavendish Road State High.
Beautifully maintained and landscaped, the property boasts a striking street
appeal set amongst beautiful traditional character homes. Meanwhile, quality updates
throughout have been undertaken with an exceptional attention-to-detail.
The property's six (2 bed, 1 bath) units offer a choice of expansive floorplans
ranging from 127m2- 145m2, each boasting a north-facing balcony, internal
laundry facilities and dry access from a private remote garage (oversized single or
tandem). The units have been renovated to varying standards, but all feature LED
lighting, multiple as-new Mitsubishi reverse cycle air-conditioning systems and
genuine Crimsafe screening. Lush treetop and city skyline aspects are captured
from all apartments, with the interiors further enhanced by fresh hillside cross
breezes.
The property's three unique ground floor apartments, which offer step-free street access yet still feel elevated, have been highly sought by older/less mobile tenants. All units are currently occupied with long-standing tenants.
Current Annual Outgoings:
- Common Property Electricity - $397.16
- Brisbane City Council Rates - $9,777.00
- Body Corporate Management Fee - $1,467.55
- Urban Utilities Water & Sewerage - $6,812.10
- Building and Public Liability Insurance - $3,655.29
- Total Outgoings = $22,109.10
Presenting a flexible yet secure and low maintenance investment just 4km from
the CBD, 'CRAGLEA' units are a must-consider. For further information or to
arrange an inspection please contact Solomon Michael
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
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