Block of Units for sale
230 Cavendish Road,
17 8 8
All offers to be presented by 5pm Tuesday 19th Dec
Outstanding Opportunity - Unit Block with addition..Every once in a while you can have your cake and eat it! 230 Cavendish Road, Coorparoo offers the astute investor or developer the chance to acquire an asset with multiple avenues for profit and redevelopment.
What’s on offer:
The existing structure presents 6 double brick cavity flats with an extension redesigned into 3 flats. Below the building is a basement with approximately 2.5m of clearance height.
The Brick Flats represents a solid building in good condition with some recent upgrades for existing tenants. The option to renovate, strata title and sell individually or to hold and increase rent are up to you!
The extension is yielding a great return only adding to the existing income of the main structure.
A 3 year rolling average equates to $140,000 approx gross (please contact agent for Nett Income and breakdown in the IM)
An elevated block with future redevelopment potential could be a long term hold. The short term return through the Development Approval offers the new owner a chance to create 3 bespoke high end terrace homes.
With approved plans in place and a holding income assisting any funding requirement, this de-risked investment could return outstanding profits.
Build the 3 terrace home and on-sell or add them to your existing portfolio and reap rewards of capital appreciation on the strength of Coorparoo market.
With Coorparoo Square less than 400 meters away, great access to public transport and a highly sort after opportunity within one of Brisbane’s most desirable suburbs, reward yourself for Christmas and enquire today.
All offers to be presented prior to Wednesday 19th December by 5pm.
**Contact agent for IM**
**All offers to be presented in writing**
**External Agent Referrals Welcome**
Last updated: 11:31AM on Jan 9th 2018