Unmissable opportunity! Entire 5 block unit for sale in Brisbane's inner city suburb!
27 Knowsley st represents a rare opportunity in the current market to purchase an entire block of 5 units in one of Brisbane's up and coming inner city suburbs. Solid blocks like this are becoming increasingly more difficult to find, and in the current climate offer a secure and generous return on your investment.
Located on an elevated 799m2 corner block this brick block of 5 units (1x2 Bed, 4 x 1 Bed) is in a fabulous location.
Unit 1 - $320/week, 2 bedrooms, 1 bathroom, 1 car park
Unit 2 - $270/week, 1 bedroom, 1 bathroom, 1 car park
Unit 3 - $270/week, 1 bedroom, 1 bathroom, 1 car park
Unit 4 - $250/week, 1 bedroom, 1 bathroom, 1 car park
Unit 5 - $270/week, 1 bedroom, 1 bathroom, 1 car park
Returning approx. $72000 per annum*, investors looking for a well-maintained low maintenance alternate income stream will be drawn to this property that provides both cash flow and capital growth.
This block has been well maintained and is in excellent condition, easily rented with high occupancy with an opportunity to increase the income.
With some development potential, a real bonus with the 799m2 allotment (20m frontage) zoned LMR2 with city glimpses with options to retain or renovate the existing property, knockdown and potential build new apartments or subdivide and build 2 new homes (STCA).
The location is ideal for renters as it is a very short walk to bus stations, a short walk to the trendy Stones Corner shops, cafes and Aldi. Other nearby places also include:
- 2 minute walk to city inbound bus stations
- Public pool and sports club
- Gym one street away
- Large nature setting with Norman Creek bikeway
- 5kms from Brisbane's CBD
- Brisbane's new Cross River Rail transportation system
Our sellers are determined to sell so take this opportunity to acquire a very good investment opportunity.
For sale by Auction. AUCTION ON SITE, 9 AM, 05TH Feb 2022.
Please contact Cathy Cheng from RE/MAX Community Realty for details regarding this property.
Please note: While all reasonable care has been taken in producing this information, I do not warrant the accuracy, completeness or currency of this information and I accept no responsibility for, or in connection with, any loss of damage suffered as a result of any inaccuracies, errors or omissions, or your reliance on this information.
* Entire block
* Not strata-titled
* Close to all amenities