11 Fred Street, Red Hill QLD 4059

Currently returning a gross weekly income of $1,255 (full leased), this property offers great potential to add value. Live in part of it and lease the rest or purchase solely for investment. The flats are individually metered for gas and electricity. Located in an elevated, corner position this investment offers two street access and low turnover. Take advantage of the current tenancies with fixed term leases in place or consider development potential.

Features include:
* Four flats on a 632m2 block
* Retro façade
* Communal laundry

Unit 1 is beautifully presented, currently rented for $370 per week boasting separate access, adjacent communal courtyard and deck, welcoming natural light and breezes. Two queen sized bedrooms offer air conditioning and are serviced by the all-inclusive bathroom with shower over bath. The updated kitchen presents quality appliances, ample storage and bench space. Undercover car accommodation is included.

Unit 2 is currently rented for $340 per week and provides direct access to a large deck with a pleasant outlook. Presenting two spacious bedrooms with air conditioning and are serviced by the all-inclusive bathroom with shower over bath. An updated kitchen presents gas cooking and ample storage and bench space. Undercover car accommodation is included.

Unit 3 is currently rented for $280 per week. Presenting two spacious bedrooms serviced by the all-inclusive bathroom with shower over bath. An updated kitchen presents gas cooking and ample storage and bench space. A designated open car space is included

Unit 4 is currently vacant and is located at the rear of the complex. Presenting one generous bedroom serviced by the all-inclusive bathroom with shower over bath. An updated kitchen with gas cooking and ample storage and bench space. With split system air conditioning throughout, this unit is presented well, in great condition.

The astute investor will recognise great value in this property, maintained in good repair with quality tenants and a consistent yield.

Located just 3 kilometres from the CBD and a 6 minute drive to the Kelvin Grove Urban Village, QUT campus and Royal Brisbane & Women's Hospital. The busway located on Musgrave Road is a convenient transport option. Botanica and Le Coin Bistro are popular with the locals. Other local highlights include the iconic Red Hill Cinema and the Paddington café & restaurant precinct. Within the school catchments for Ithaca Creek State School & Kelvin Grove State College. Popular choices for private schools include Brisbane Grammar, Girl's Grammar and St Joseph's College (Terrace).

Contact Mathew Abboud on 0423 629 346 or Max Hadgelias 0411 276 372 for more information and to arrange your viewing today!

* Land dimensions are sourced from Pricefinder & B.C.C and should be used as a guide only