Premium Located Property
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.
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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.
Property City : West End