13 Cremorne Road, Kedron QLD 4031

13 Cremorne Road offers a rare, incredible opportunity to secure 931m2 land with untapped and limitless developmental potential, in the heart of Kedron. With a single owner title and no body corporate structure in place, this Queenslander style, post war block of units, is the perfect opportunity to either hold, develop or renovate!

Currently boasting four post war, Queenslander residential units; 2 x one bedroom and 2x two bedroom unit, in an unbeatable location this is the best development lot to come to the 2023 Kedron Market. Three of the units all have timber floorboards and air-conditioning and the other unit being in an original condition with a long time tenant. Buyers can enjoy immediate income stream of approx $1,000 per week; with all units currently tenanted on periodic tenancies, giving the ability to produce the most ideal design whilst reaping incredible rental return.

Features include:
+ 931m2 flat block of untapped and limitless developmental potential.
+ Four post war (1955), Queenslander style apartments currently on the property all tenanted with periodic tenancies
+ 2 x 1 bedroom apartments
+ 2 x 2 bedroom apartments
+ Apartments are all due for a rental increase however currently the rental return is approx $1,000 per week
+ Currently zoned as Low Density Residential (so is the car yard and Coles supermarket on down the road from the property)
+ No body corporate fees
+ Undercover parking for 4 vehicles
+ Low vacancy rates and high rental yield potential

The Property is located:
+ 200m from Coles Kedron
+ 2.1km from Westfield Chermside
+ 6.8km from Brisbane CBD
+ 1.85km from Lutwyche Market Centre and Stafford City Central
+ 5.8km from Brisbane Airport
+ 1.7km from Prince Charles Hospital
+ Within the school catchment of Kedron State Primary and High Schools

The individual units are comprised of the following features:
* Unit 1 - two bedroom, one bathroom, floorboards throughout, air-conditioning
* Unit 2 - one bedroom, one bathroom, floorboards throughout, air-conditioning
* Unit 3 - one bedroom, one bathroom, floorboards throughout, air-conditioning
* Unit 4 - two bedroom, one bathroom, original flooring, no air-conditioning

This property won't last long so if you are interested contact me today to arrange your private inspection.