Features

Close to Shops
Close to Transport
Polished Timber Floor

UNDER CONTRACT

BLUE CHIP INVESTMENT! 3 SELF CONTAINED FLATS

Elevated position in Oxley, just a few metres from the new Oxley Shopping Centre, restaurants, schools, parklands and trains is this cavity brick dwelling converted into three registered flats - the perfect opportunity to jump into the investment market!

Flat 1 comprises three spacious bedrooms, modern bathroom, modern kitchen, large air-conditioned lounge/dining opening out to patio leased til 26 November 2012.

Flat 2 comprises a one bedroom, one bathroom flat with modern kitchen leased til 14 March 2013.

Flat 3 comprises a one bedroom, one bathroom flat with modern kitchen leased til 18 February 2013.

Generated Income:
Flat 1 - $310 per week $16,120 per annum
Flat 2 - $230 per week $11,960 per annum
Flat 3 - $230 per week $11,960 per annum

Total income per annum = $40,040

The property is self managed. Current outgoings are;

Rates: $2,852.40 per annum
Water: $2,072.20 per annum
Building Insurance: $510.44 per annum
Lawn Maintenance: $30/fortnight summer months - $30/month winter months. Approx $600 per annum

Total outgoings per annum = $6,035

The property has never had a vacancy since the owner purchased it in January 2005. This high growth area offers a fantastic choice for investors. Perfect for the Super Fund or alternatively, it presents an opportunity for first time buyers to secure a home by living in the top three bedroom flat and still provide an income from the two one bedroom flats downstairs, to help with the mortgage.

A secure investment opportunity for your portfolio!

Explore the area

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School catchments

Corinda State School Primary Prep-6 Government 1.1km
Oxley State School Primary Prep-6 Government 1.6km
St Aidan's Anglican Girls School Combined Prep-12 Independent 1.8km
Corinda State High School Secondary 7-12 Government 1.8km
St Joseph's Primary School Primary Prep-6 Catholic 2.0km
St Aidan's Anglican Girls School - Thalia Court Campus Combined Independent 2.4km
Brisbane Montessori School Combined Prep-10 Independent 2.5km
Our Lady of the Sacred Heart Catholic Primary School Primary Prep-6 Catholic 2.5km
Sherwood State School Primary Prep-6 Government 2.6km
Darra State School Primary Prep-6 Government 2.7km
Fig Tree Pocket State School Primary Prep-6 Government 2.9km
Centenary State High School Secondary 7-12 Government 3.5km
Christ the King School Primary Prep-6 Catholic 3.7km
Glenala State High School Secondary 7-12 Government 3.8km
Inala State School Primary Prep-6 Government 3.8km
Graceville State School Primary Prep-6 Government 4.0km
Rocklea State School Primary Prep-6 Government 4.0km
Jamboree Heights State School Primary Prep-6 Government 4.2km
Milpera State High School Secondary 7-12 Government 4.4km
The BUSY School - Salisbury Campus Secondary Independent 4.9km
Brisbane Christian College - Fairlie Terrace Campus Combined Independent 4.9km
Ambrose Treacy College Combined 4-12 Catholic 5.0km
Australian International Islamic College Combined Prep-12 Independent 5.2km
St Peters Lutheran College Combined Prep-12 Independent 5.3km
Brigidine College Combined 5-12 Catholic 5.9km
Indooroopilly State High School Secondary 7-12 Government 5.9km
Aboriginal & Islander Independent Community School Combined Prep-12 Independent 6.2km

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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