House for sale

House in Auchenflower, QLD

7 4 5

Income Generating in an Exciting Location

* Brand new roof and gutters
* Large level 1,214sqm lot with city view
* Close to transport
* Gross return of $72,280 per year
* Development potential
* Inspections by appointment only - Call 24hrs

Having recently benefitted from a new roof this high yielding property offers a multitude of options to the purchaser.

The house sits on a valuable, elevated and level 1,214sqm corner lot with city views, producing a high annual income.

The original house was extended in the 1950’s to incorporate seven flats delivering a gross yield of $72,280 per year. The current owners are currently reconfiguring the property to raise the income to approximately $82,000 a year. If you are looking for an income producing home with future potential then this could be perfect. The current zoning allows for development. When this is combined with city views and an ultra-convenient position just 3kms from the city centre, 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.

Phone now for further information and inspection times.

Property Code: 1253
Last updated: 12:09PM on May 9th 2018
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Arthur Conias Real Estate Toowong

Head Office, 530 Milton Road
Toowong QLD, 4066