Block of Units for sale

88 Gainsborough Street,

Moorooka, QLD

7 5 5
Price On Application

A Rare Opportunity in the Heart of Moorooka

This whole block of 5 apartments, located within 10km from Brisbane City, positioned on 810sqm of land, offers a rare prospect for keen investors seeking to expand their portfolio.

- Zoning LMR2 - LOW MEDIUM DENSITY RESIDENTIAL (2 OR 3 STOREY MIX) ZONE
- Sitting on 810m2
- Block of 2 x 2 bedroom and 3 x 1 bedroom brick flats
- Returning $1,460 per week or $75,920 gross per annum
- The 2 bedroom flats are cavity brick at the front and both have balconies.
- The back 3 flats are brick veneer and all have balconies
- Each flat has a single Lock up garage and Laundry

Offering complete accessibility and every convenience, the property is located some 8 kilometres South of the CBD of Brisbane. It is serviced by the shopping precinct ‘Moorooka Village’ which has a Woolworths along with other popular and diverse retail stores. A quick walk from the front door provides City Buses, Moorooka State School and several Parks and sporting facilities. Another few steps present Moorooka Train Station close by the Moorooka Shopping precinct.

Delivering the scale, size and location required for a strong long term and ideal entry level investment; a property opportunity of this calibre is extremely hard to find. It is a great holding investment providing good land content, strong rental returns and solid capital value.

Full Tenancy and Outgoings are available upon request

Disclaimer: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only. Call Hugh Dao for more information !
Last updated: 11:02AM on Oct 19th 2018
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