House for sale
16 Sidney Street,
West End, QLD
12 6 6
OFFERS OVER $1,000,000
RENOVATED BLOCK OF UNITS ON CITY FRINGE - SUPER RETURNSBlock of 6 x 2 bedroom renovated units. For an investor there are 3 items at the top of your list: super returns, great location close to all amenities and potential. All these items make this property an excellent investment nest egg.
The complex is fully tenanted with a current rental return is $82,940. Some tenants are long term residents who would like to continue their leases. This offers income stability. Ideal for the long term investor or the SMSF buyer with the security of knowing there is a good cash flow from the investment.
This is your opportunity to purchase this block units set on a 1012sqm corner block situated in a sought after suburb on the city fringe. The owners have gone to great lengths and expense to renovate this block of units and achieving an excellent finish. Reap the rewards from someone else's hard work! Due to the amount of work carried out on the units, as detailed below, for the astute investor the opportunity is there to conduct a Tax desperation schedule.
The owners are in the process of install a split system air conditioners in each main bedroom and each living area.
Council Rates include water charges.
Work carried out on the block:
- Roof and awning over front patio
- All exterior walls rendered and painted
- Replaced main sewer line externally
- Automatic garage doors fitted to carports
- Electrical - all units completely rewired with new power box and metres
- Water - re run copper pipe for cold water. New taps and downpipes
- Hot water units - 1 or 2 Hot water units replaced (not sure can check)
- New Bathroom windows with security screens.
- New clothes lines
- Aluminium feature panels above patios
- All new ceilings with stipple pattern.
- Gyprock placed to all internal walls
- Replaced all architraves, doors, and door furniture
- Interior has been completely repainted
- Floor Tiles laid in lounge, dining, hall way and bathroom/Laundry.
- New wall tiles to splash back in Kitchen and shower enclosures
- New light fitting and fans
- New Vanity, Mirror, Shower screen and Laundry Tub to bathrooms
- Bathroom - new combination tap ware to Laundry tub, shower enclosure and vanity.
- Built in wardrobes to both bedrooms
- Carpets to both bedrooms
- New Kitchen with sink, cooktop wall oven and range hood
- Blinds to all windows.
Call for more details.
Last updated: 03:55PM on Jun 19th 2016