Rare strata titled block in a premier inner-city location
Offered to market as a single entity for the first time ever, this immaculate cavity brick unit block will impress with its ready-made investment and capital growth opportunities.
Set on 997m2 block in an elevated and exclusive pocket of Coorparoo, the six-residence building with city views has been generating approximately $2370 per week in rental income.
Located just 100 metres walk from an express bus stop (16 minutes to and from the CBD plus direct access to Westfield Carindale), the property is also moments from the South-East Freeway, Hospitals, local cafes, Coorparoo Square's restaurants, bars, multiple supermarkets and cinemas; and within the catchment of the coveted Holland Park State School and Cavendish Road State High.
Beautifully maintained and landscaped, the property boasts a striking street appeal set amongst beautiful traditional character homes. Meanwhile, quality updates throughout have been undertaken with an exceptional attention-to-detail.
The property's six (2 bed, 1 bath) units offer a choice of expansive floorplans ranging from 127m2- 145m2, each boasting a north-facing balcony, internal laundry facilities and dry access from a private remote garage (oversized single or tandem). The units have been renovated to varying standards, but all feature LED lighting, multiple as-new Mitsubishi reverse cycle air-conditioning systems and genuine Crimsafe screening. Lush treetop and city skyline aspects are captured from all apartments, with the interiors further enhanced by fresh hillside cross breezes.
The property's three unique ground floor apartments, which offer step-free street access yet still feel elevated, have been highly sought by older/less mobile tenants. All units are currently occupied with long-standing tenants.
Current Annual Outgoings: - Common Property Electricity - $397.16 - Brisbane City Council Rates - $9,777.00 - Body Corporate Management Fee - $1,467.55 - Urban Utilities Water & Sewerage - $6,812.10 - Building and Public Liability Insurance - $3,655.29 - Total Outgoings = $22,109.10
Presenting a flexible yet secure and low maintenance investment just 4km from the CBD, 'CRAGLEA' units are a must-consider. For further information or to arrange an inspection please contact Solomon Michael
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
Notable Features: Land Size of 997m2 4km from Brisbane CBD Currently returning $123,240 per/annum Impressive suburban & Brisbane City views 6 oversized, 2 bedroom & 1 bathroom units with generous-sized garages
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.