12 Patrick Street, Milton QLD 4064

Held by the current owners for over 50 years is this fantastic opportunity on the border of sought after suburbs, Milton & Paddington. Simply land bank this 506sqm double block and enjoy the returns while you work on unlocking the full potential of this property. Many of the neighbouring homes have undergone extensive renovations and extensions to take advantage of this excellent locale. And if you're more hands on why not increase your returns by utilising Airbnb, given that the Stadium is so close you'll be surprised what nightly rate you could achieve.

The original home was built pre 1946 however has had several changes over the years and was converted into two flats in the early 1990's. Each of the flats have had renovation work done over the years to ensure both are fully self contained and desirable to tenants.

A history of low vacancy and long-term tenants is due to this ideal location, being just a 1 minute walk to Suncorp Stadium and Caxton St precinct, 6 minute walk to city-bound bus stops, 10 minute walk to Milton train station and Park Rd restaurants and 1km to the Rosalie Village cafe precinct.

The current tenants are on leases until June & July this year and the combined rental return is $35,100 per annum.

Features include;
- Zoning: CR2 Character (Infill housing) With traditional building character overlay
- Two lots on a 506sqm block (253m2 each)
- Elevated & breezy with a North-East aspect
- Ideal Self-Managed Super Fund investment
- Wonderful location surrounded by quality properties
- Each self-contained 2 bedroom 1 bathroom flat has own kitchen, bathroom & own laundry
- Individually metered electricity
- Low maintenance gardens
- Off street parking for two cars