SOLD AT AUCTION BY SCOTT AUER & TOM DUFFY

While this property wouldn't win any architectural design awards for street appeal, what it does represent is a sound investment opportunity. With long-term leases in place, a cashflow positive ledger, and around a 5% gross rental yield, this property is a solid long-term investment. Current leases are under market value providing the potential for even better returns in future years.

All three units have been renovated in recent years, including new kitchens with stainless steel appliances and new bathrooms. With built-in wardrobes, tiled floors throughout, and air-conditioning, each unit has its own allocated car park in the high-bay carport in the backyard.

Conveniently located, your tenants will enjoy easy access to the Gateway Motorway, and a short drive to the Wynnum/Manly foreshores! The property is also within walking distance to Kianawah Park, Twin Parks Shopping Centre, and Tingalpa State School, and falls in the Tingalpa State School catchment.

All units feature the following:
• Built-in wardrobes to all bedrooms
• Modern kitchen/s
• Modern appliances
• Modern bathroom
• Split-system air-conditioning
• Separate electricity meters

Current Leases Information
• Unit 1 (front) - 2 Bedrooms $300
• Unit 2 (middle) - 1 Bedroom $270
• Unit 3 (rear) - 1 Bedroom $265

Investment Summary
• Total Weekly Rental Income $835 per week
• Total Annual Rental Income $43,420 per annum
• No Body Corporate Fees
• Currently Self-managed

Call Scott or Tom to book your inspection.

Explore the area

School catchments

Tingalpa State School Primary Prep-6 Government 0.78km
OneSchool Global QLD - Wakerley Combined 3-12 Independent 1.5km
Moreton Bay College Combined Prep-12 Independent 2.5km
Gumdale State School Primary Prep-6 Government 2.6km
Belmont State School Primary Prep-6 Government 2.9km
Brisbane Bayside State College Secondary 7-12 Government 2.9km
Carina State School Primary Prep-6 Government 3.0km
Murarrie State School Primary Prep-6 Government 3.4km
Wondall Heights State School Primary Prep-6 Government 3.5km
Mayfield State School Primary Prep-6 Government 3.6km
Wynnum West State School Primary Prep-6 Government 3.8km
San Sisto College Secondary 7-12 Catholic 4.0km
St Martin's School Primary Prep-6 Catholic 4.1km
St Oliver Plunkett School Primary Prep-6 Catholic 4.5km
Moreton Bay Boys' College Combined Prep-12 Independent 4.6km
Cannon Hill State School Primary Prep-6 Government 4.6km
Manly West State School Primary Prep-6 Government 4.7km
Cannon Hill Anglican College Combined Prep-12 Independent 4.7km
Iona College Combined 5-12 Catholic 5.1km
Whites Hill State College Combined Prep-12 Government 5.1km
Wynnum State High School Secondary 7-12 Government 5.5km
Balmoral State High School Secondary 7-12 Government 6.1km
Queensland Pathways State College - Mt Gravatt Campus Secondary Government 6.3km
Citipointe Christian College Combined Prep-12 Independent 6.3km
Seton College Secondary Catholic 6.5km
Queensland Pathways State College Secondary 10-12 Government 6.8km
Cavendish Road State High School Secondary 7-12 Government 6.9km

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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