Rarely available to purchase, this Block of Units in a prime Nundah location offers an excellent investment opportunity with options to sit and hold for strong returns, or further develop STCA.
Meticulously maintained by the one owner for over 35 years, the property returns almost $75k PA and is an excellent option for buyers looking for a strong yield and also capital growth.
Sitting on an 809m2 allotment, there are also a number of development options that would suit this bustling pocket of Nundah.
The building currently consists of 5 apartments.
Unit 1 – 1 Bed 1 Bath 1 Car currently advertised for rent $275pw
Unit 2 – 1 Bed 1 Bath 1 Car currently returning $255pw due to increase to $275k
Unit 3 – 1 Bed 1 Bath 1 Car currently advertised for rent $275pw
Unit 4 – 2 Bed 1 Bath 1 Car currently returning $295pw due to increase to $310pw
Unit 5 – 2 Bed 1 Bath 1 Car currently returning $310pw
Total Outgoings are:
Rates approx $1560 per quarter
Water approx $700 per quarter
Insurance approx. $1600 per annum
Just a stones throw from one of the best local cafes ‘Block House Coffee’ and just 7 minutes walk from Nundah Village and Nundah Train Station, you can see why this area has seen significant growth over the past 12-18 months and shows no sign of slowing. Nundah has gone through an incredible transformation in recent years and is now one of the major shopping, dining and entertainment hubs within 10km’s of the CBD.
This property will not last long on the market, please register your interest with Stefan on 0411 810 440