Unit for sale

1-5/52 Nelson Street,

Coorparoo, QLD

6 5 5
$1,490,000- Neg

Unique Opportunity! Great Return! On 809m2 LMR2 Land!

Located in a quiet street and offering an amazing position, this updated and modernized set of Flats is sure to impress. Sitting on 809m2 of LMR2 zoned land and boasting a 20m frontage, this unique opportunity is being offered to the market for the second time in 43 years.

With Coorparoo's amazing location and close proximity to the CBD it is easy to see why the return is so strong offering a $76,440 per year ($1,470pw). For those looking for a solid investment property with great returns or those looking for future development potential with a strong holding income, we have the one you have been looking for.

All five of the flats have been refurbished and renovated in the past six years, with new kitchens and bathrooms. With large open-plan living zones all with stunning polished timber floors as well as all bedrooms being oversized and offering great natural light.

The solid brick and tile construction is low maintenance and in great condition, with five covered car ports under as well as a communal laundry and additional storage.
The breakdown of the complex is:

1 - Two bed, one bath, one car- returning $350pw
2 - One bed, one bath, one car- returning $275pw
3 - One bed, one bath, one car- returning $280pw
4 - One bed, one bath, one car- returning$290pw
5 - One bed, one bath, one car- returning $275pw
Total Return of $1,470 pw

Due to a change is circumstances, this amazing property must be sold! To arrange your private inspection, contact Brad Sissons and his team today.

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.

Five refurbished flats
Generating $76,440 per year ($1,470pw)
809m2 LMR2 zoned land with 20m frontage
Ideal location and convenient position
Future development potential
700m from Coorparoo square
Last updated: 02:43AM on Oct 19th 2019
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Coronis Realty Coorparoo

211 Old Cleveland Road
Coorparoo QLD, 4151
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