Premium Located Property , West End

ForSold 668m² Area 10Baths 16Bedrooms 4Car Spaces
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This property has been SOLD for $2 235 000.

This exciting Investment opportunity is being offered for sale for the first time in 25 years, two detached multiple tenancy buildings in the heart of West End.

52 Thomas Street West End:
Two level building consists of 4 x 2 bedrooms flats.

54 Thomas Street West End:
Two level building consists of 2 x 2 bedroom flats on upper level and 4 x 1 bedroom studio units on the lower level.

These properties are conveniently located within walking distance to many of the amenities of the area that include transport, coffee shops and cafes, schools both West End State School and Brisbane State High School.

Rental income is definitely on the lower end of the rental market in West End as it was included in the Affordable Rental Scheme in 2008, however this scheme is now completed. The shrewd investor will capitalise on this opportunity to increase the yields that are currently shown below.

Gross Income: $149,240 per annum

Expenses (Rates, Water, Insurance, Maintenance, Property Management): $34,360 per annum

Net: $114,880 per annum

Land Content: 668m²
Zoning: CR2 Character (infill housing)
RPD: Lots 22 and 23 on Registered Plan 11163

Price: By Negotiation

Inspections strictly by Appointment ONLY.

 


300
Distance to Nearest School
1600
Distance to Brisbane CBD
1450
Nearest Medical Facility
100
Distance to Transport
Distances approximate in metres.


Download pdf Brochure

Disclaimer:

S Drakos Real Estate accepts no responsibility for the use of or reliance upon the information contained within.

The information contained herein should not be solely relied upon for investment decisions, including for the purposes of purchasing of the subject land. S Drakos Real Estate strongly recommends further detailed investigations are conducted prior to making such a decision. Further detailed investigations which might be advisable could necessitate engagement of a land surveyor, civil engineer, architect, quantity surveyor, valuer, and / or others. Further detailed investigations might also call for a meeting with local Council and / or State Agencies.

Air Conditioning Balcony Pool Internet Cable TV Security
Property Address: 52 & 54 Thomas Street
Property City : West End

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