1-4/16 Sapsford Street, Northgate QLD 4013

A fantastic opportunity to purchase a readymade portfolio in a great street of Northgate with this complex of 4 Strata Titled 2-bedroom units, the last time this complex went to the market was 34 years ago so don't hesitate!!!
Unit 1 is a ground floor.
Units 2, 3 & 4 are across the top of unit 1 and the garages, all units have individual lock up garages and laundry combo's.
The complex is well maintained, modern kitchens, and tidy bathrooms.
All units are currently leased into 2023, gross weekly income is $1,230 ($63,960 pa approx.), with plenty of room for growth. DA available for future renovations and value add additions.
https://developmenti.brisbane.qld.gov.au/Home/FilterDirect?filters=DANumber=A006129608
Situated on a flat 607sqm block overlooking Sapsford Street Park
Zoning: LMR2 - LOW MEDIUM DENSITY RESIDENTIAL.
This would be a fantastic portfolio builder or super nest egg.
No Body Corp Fees.
This property is a walk in ready to go investment.
The Complex.
• 4 x 2 Bedrooms
• Modern kitchens and bathrooms throughout
• 4 extra-large single lock up garages with laundry combo's
• Fully Tenanted- All Lease into 2023
• Returning $63,960 pa gross approx.. plenty room to grow. DA for future reno's & value add.
• 607sqm flat block
• BCC Rates $1,800.80 per ¼ approx..
• Urban Utilities $1,186.52 per ¼ approx..
• All Smoke Alarm Compliant and on service subscription.
• All individually metered except for water
• Cmty Gas Hot Water System
Location;
• Easy access to Bus and Main Line Train- Northgate Station
• Walk to the ever growing and ever popular Nundah Village
• Only minutes to Multiple Schools, Gateway and Brisbane Airport.
Fast Facts;
• BCC Rates $1,744 per ¼
• Urban Water $ 1,614 per ¼
Contact Peter Tornabene on 0412 879 136 to inspect your future.