SOLD BY MICHAEL MCMAHON & DAVID LAZZARINI!
- 6 Beds
- 5 Baths
- 5 Cars
Positioned approximately 10km from the CBD the block of 5 Flats is fully tenanted and returns $66,820/annum. The property features:
- Corner 900m2 parcel of land zoned LMR2
- 4 x 1 Bedroom plus 1 x 2 Bedroom configuration (see Floor Plan)
- 5 secure lock up garages
- Fully tenanted returning $66,820/annum
- All Units in good condition yet, the opportunity to refurbish exists to increase rental returns
- Opportunity to demolish and build new Units/Townhouses, LMR2 zoning provides opportunity to build up to 3 storeys, subject to BCC approval
- Ideal for the Developer, the astute Investor or why not add to your self-managed Superannuation Fund
Full Tenancy and Outgoings are available upon request
City bound rail is literally 300 metres away and Moorooka Shopping Village is within easy distance. Investment opportunities this close to the CBD is scarce, yet here it is for the taking!
MAKE NO MISTAKETHIS PROPERTY WILL BE SOLD TO FINALISE MATTERS!!
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
5 garage spaces
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