House for sale

House in Auchenflower, QLD

7 4 5
$1,395,000

Income Generating in an Exciting Location

* Gross return of $72, 280 per year
* Large level 1,214sqm lot with city view
* Close to transport
* Secure long term leases
* Development potential
* Contact us 24 hours 7 days per week

Sitting on a valuable, elevated and level 1,214sqm corner lot with city views, this income producing property is ideal for anyone looking for a secure income with good growth potential.

The original house was extended in the 1950's to incorporate seven flats delivering a gross yield of $72,280 per year. Combine this with the lots development potential, city views and an ultra-convenient position just 3kms from the city centre and you have a compelling reason to view.

Access to the property is off a quiet street. Excellent bus connections, cafes and shops are right on your door step.

Possible opportunities exist to improve returns as well as capital growth.

Phone now for further information and inspection times.

Property Code: 1966
Last updated: 12:42PM on May 5th 2017
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Arthur Conias Real Estate Toowong

Head Office, 530 Milton Road
Toowong QLD, 4066