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18 Kent Street,
Coorparoo Queensland 4151

Price: FOR AUCTION IF NOT SOLD PRIOR

Cash Cow With Upside, 911m2 LMR, High Council Land Value

AUCTION: Saturday 13th February 2021, 10 am, On Site
All Offers Prior To Auction Will Be Seriously Considered

This astute investment comprises 4x 1 bed, 2 x 2 bed brick flats and is currently returning $102,000 per annum. The low maintenance investment is on a 911m2 block of LMR zoned land with a high Council land value of $1,050,000.
With significant upside, further value may be added to the property by the construction of another level of flats capitalising on this property's outstanding position and potential for city views (subject to Council approval, STCA) . Always occupied, these flats are a very short walk from the Martha Street dining precinct and moments from multiple shopping and entertaining centres including Coorparoo Square. Less than 5 radial kms from the CBD, the property has effortless access to it via its close proximity to bus and rail transport options.

- All flats feature spacious light filled layouts, well proportioned, practical kitchens, sizeable bedrooms, air conditioning, 2 entries
- Each flat has under cover off street parking with its own laundry, electric hot water system
- 2 of which are fully secure enclosed garages, 1 with parking for 2 vehicles
- Double brick wall separating each unit
- Hardwired smoke alarms
- Solar power system
- 2 expansive lockable storage areas, 1 of which is leased
- Attractive property investment offering the astute purchaser a number of options
- Maximise your return on investment by renovating or extending the existing structure (STCA)
- Assured strong capital growth
- A Building and Pest Report can be supplied upon request

Property Details

Price
FOR AUCTION IF NOT SOLD PRIOR
Address
Kent Street
Suburb
COORPAROO
Postcode
4151
Property Type
Land Size
911 m2
Bedrooms
8
Bathrooms
6
Carparks
7
Property ID
20624008
Other Features
None,None