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This traditional 6 pack of units in the heart of Chermside is fully tenanted and returning $80,000 pa in rent, with scope to improve the building and yield.
The complex consists of 4 x 1 bedroom, 1 x 2 bedroom and 1 x 3 bedroom unit, each with a single lockup garage. Many of the units have long term tenants that would like to continue their lease which offers you income stability. Ideal for the long term passive investor or SMSF buyer, knowing that not only are you getting good cash-flow from your investment but you are holding the perfect block of land with great future potential to increase your return. These blocks are becoming rare and not very often does an entire complex become available.
As well as a good secure return, the complex sits on a 810m2 high density multi-purpose zoning block which would give the advantage of a much larger development now or in the future with up to 6 storey development of commercial and residential, all within a stone ...