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Unique Property with Unique Potential.
A rare offering to invest in a whole block of eight units set on a prominent corner position in the prestigious leafy suburb of St. Lucia. Adjoining the University of Queensland and diagonally opposite the St Lucia shopping precinct this solidly constructed and very well-maintained building is ideally suited to the astute investor thanks to its location and proven history of reliable performance.
The configuration consists of the following:
- Penthouse (4+2+2) 275sqm living area with lift access
- Four units (2+1+1) 105sqm total living area each
- Two units (1+1+1) 66sqm total living area each
- One unit (1+1) 93sqm total living area
- Storeroom 46sqm
There is the potential for the apartments to be strata titled creating the option to either sell them off individually or to retain them for long term earnings. There is also potential to create more bedrooms and consequently increase the rental income - the choice is yours.
Outstanding Features:
- Prestigious leafy inner-city suburb.
- Very close proximity to QLD. University.
- Diagonally opposite St Lucia Shopping Centre
- Only 7km to the Brisbane CBD
- Proven solid tenancy records
- Corner block (812sqm)
- North facing aspect
- Very spacious units
- Present income $160,000 approx.
- Opportunity to live on site and self-manage your investment
- Opportunity to value add by increasing bedroom numbers.
- Opportunity to create studio apartment from storeroom
Council Rates: Approx. $2,500 per quarter
Water/Sewerage Fees: Approx. $800 per quarter
To receive a digital copy of the Information Memorandum including floor plans of all units and additional photos of some of the units please contact the agent.
The configuration consists of the following:
- Penthouse (4+2+2) 275sqm living area with lift access
- Four units (2+1+1) 105sqm total living area each
- Two units (1+1+1) 66sqm total living area each
- One unit (1+1) 93sqm total living area
- Storeroom 46sqm
There is the potential for the apartments to be strata titled creating the option to either sell them off individually or to retain them for long term earnings. There is also potential to create more bedrooms and consequently increase the rental income - the choice is yours.
Outstanding Features:
- Prestigious leafy inner-city suburb.
- Very close proximity to QLD. University.
- Diagonally opposite St Lucia Shopping Centre
- Only 7km to the Brisbane CBD
- Proven solid tenancy records
- Corner block (812sqm)
- North facing aspect
- Very spacious units
- Present income $160,000 approx.
- Opportunity to live on site and self-manage your investment
- Opportunity to value add by increasing bedroom numbers.
- Opportunity to create studio apartment from storeroom
Council Rates: Approx. $2,500 per quarter
Water/Sewerage Fees: Approx. $800 per quarter
To receive a digital copy of the Information Memorandum including floor plans of all units and additional photos of some of the units please contact the agent.