15 King Street, Annerley QLD 4103

Offered to market for the first time ever, this immaculate cavity brick unit block will impress with its ready-made investment and capital growth opportunities. Set on 829m2 block in an exceptionally convenient pocket of Annerley, the six-residence building is currently generating $2395 per week in rental income.

Walking distance to countless amenities including Buranda Village shopping centre, the Princess Alexandra Hospital, rapid CBD Transport inc Buranda Train Station / express CBD bus lines and easy access to M1. It's also located in the brand new Brisbane South State Secondary College catchment zone and is close to the colourful South Bank Parklands and Mater Hospital.

Maintained with the utmost attention to detail over the years, this property is in exceptional condition in an area where there is a very real prospect for future development opportunities, being one block away from the established high - rise pocket surrounding Buranda Village.

The property's six (2 x 3 bed, 1 bath / 4 x 2 bed, 1 bath) units offer a choice of expansive floor plans, each boasting a private balcony and private remote garage (oversized single or tandem, one oversized double). The units have been renovated to varying standards, but all feature reverse cycle air-conditioning. The block is fully occupied with long term tenants. Services separately metered, security intercom throughout, registered security keys.

Current approximate Annual Outgoings:
- Common Property Electricity - $85
- Brisbane City Council Rates - $9,982.80
- Urban Utilities Water & Sewerage - $4,968
- Building and Public Liability Insurance - $3,020
- Total Outgoings = $18,055.80

Presenting a flexible yet secure and low maintenance investment just 3km from the CBD, 'Gracian Court' units are a must see. Don't miss out on this fantastic opportunity, call today to arrange an inspection or to request a copy of the Information Memorandum.