Block of Units for sale

7 Thondley Street,

Windsor, QLD

16 12 12
$3,550,000

SUPER CHARGED INVESTMENT- $186,000 PA

Only the second time this blue ribbon residential opportunity has come onto the market in over 45 years. Prime block of 12 quality cavity brick units built in the 1970's all with lockup garages on a huge land rich 1454m2 block of MR (Medium Residential) up to 5 levels. This cash cow is to be sold in one line and has low vacancy rates, giving the buyer a strong holding income of approximately $186,000 a year gross fully tenanted.

* prime position so close to the CBD
* most units freshly painted, modern kitchens
* so much future potential to add more units with this land rich property (subject to BCC approval)
* spacious 10 * 1 bedroom units and 2 * 3 bedroom all with lockup garages
* superb elevated level block with approximately 28.5m frontage
* prime location at only 4.5 km to CBD and walking distance to Windsor Park
* shops, train, restaurants are only minutes away
* approximately $186,000 gross income per annum

Close to the Royal Brisbane Hospital, easy access to the airport and the northern busway this property will tick all the boxes. The developer, self managed super fund or astute investor will realise the potential of this land rich property and future landbank opportunity. You will not be disappointed, sit back relax and enjoy the capital gain !! Don't miss out on this amazing opportunity !!

Description: Lot 2 on RP 49690
Rates: $2626.92 approx per quarter
Water and Sewerage:$2614.25 approx per quarter
Insurance: $4571.59 per annum
Community Power: $135 approx per quarter
Last updated: 04:35AM on Aug 16th 2017
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LJ Hooker Stafford

205 Stafford Road
Stafford QLD, 4053
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