Residential
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Sold
5 Ricardo Street,
Kelvin Grove 4059, Queensland
$2,350,000
Property details
-
Agents
Auction on Site this Thursday 11.00am
A rare opportunity to acquire an entire complex of 6 x 2-bedroom individually titled apartments in a prime ridgetop location
The traditional 1983 constructed brick building is within comfortable walking distance of the QUT Kelvin Grove campus and Biomedical Technology Centre and just a few hundred metres from the iconic Ballymore playing fields.
The property has been well maintained by the current seller and provides an excellent opportunity to secure a sound income producing investment in a highly desirable residential location.
• 6 x 2 bed apartments with 8 lock up garages and 4 off-street visitor car spaces
• 845m2 regular shaped land parcel classified Low-Medium Density Residential (2 or 3 storey mix)
• Two fully tiled security foyers with intercom access to each apartment
• Prime ridgetop position with extensive local views and superb breezes
• Stable long-term tenancies currently returning $116,740 per annum (gross)
• Ideal investment for a passive investor
• Memorandum of Information available on request
The traditional 1983 constructed brick building is within comfortable walking distance of the QUT Kelvin Grove campus and Biomedical Technology Centre and just a few hundred metres from the iconic Ballymore playing fields.
The property has been well maintained by the current seller and provides an excellent opportunity to secure a sound income producing investment in a highly desirable residential location.
• 6 x 2 bed apartments with 8 lock up garages and 4 off-street visitor car spaces
• 845m2 regular shaped land parcel classified Low-Medium Density Residential (2 or 3 storey mix)
• Two fully tiled security foyers with intercom access to each apartment
• Prime ridgetop position with extensive local views and superb breezes
• Stable long-term tenancies currently returning $116,740 per annum (gross)
• Ideal investment for a passive investor
• Memorandum of Information available on request
Explore the area
School catchments
- Kelvin Grove State College Combined Prep-12 Government 0.52km
- Queensland Academy for Creative Industries Secondary 10-12 Government 0.89km
- St Ambrose's Primary School Primary Prep-6 Catholic 0.90km
- Compass Independent School Combined Prep-7 Independent 1.1km
- Petrie Terrace State School Primary Prep-6 Government 1.7km
- Brisbane Girls Grammar School Secondary 7-12 Independent 1.7km
- Brisbane Grammar School Combined 5-12 Independent 1.7km
- Newmarket State School Primary Prep-6 Government 1.7km
- Brisbane Girls Grammar School - Primary Campus Primary Independent 1.7km
- St Joseph's College Combined 5-12 Catholic 1.8km
- Wilston State School Primary Prep-6 Government 1.8km
- St Columba's Primary School Primary Prep-6 Catholic 1.9km
- St Finbarr's School Primary Prep-6 Catholic 1.9km
- IES College Secondary 12 Independent 1.9km
- Humanitas High School - Initial Campus Secondary Independent 2.0km
- St Joseph's College - Waterford Place Campus Combined Catholic 2.0km
- Brisbane Central State School Primary Prep-6 Government 2.0km
- Humanitas High School Secondary 7-11 Independent 2.1km
- The Industry School - Brisbane Secondary 10-12 Independent 2.2km
- Angelorum College Combined Prep-10 Independent 2.2km
- Ithaca Creek State School Primary Prep-6 Government 2.2km
- Fortitude Valley State Secondary College Secondary 7-12 Government 2.4km
- Mt St Michael's College Combined 5-12 Catholic 2.5km
- St James College Combined 5-12 Catholic 2.5km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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Contact Robin McIlwain
Contact Robin McIlwain
Robin McIlwain
5 Ricardo Street, Kelvin Grove QLD 4059
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Robin McIlwain
5 Ricardo Street, Kelvin Grove QLD 4059