15 Kitchener Road, Kedron QLD 4031

Act fast to secure this incredible investment opportunity, which comprises a lowset block of 5 refurbished brick units, positioned on a level 776sqm lot. The 5 units (4 x 1 bedroom, 1 x 2 bedroom) are all separately leased to excellent tenants providing a total gross rent of approximately $69,420 per annum.

The units are lowset which appeals to a broad variety of tenants and have been refurbished over recent years. They present well and are low maintenance in nature. Additionally a new carport has been installed at the rear of the site which provides covered accommodation for 5 vehicles.

The location is incredibly convenient, being less than 8km from the CBD, within 5 minutes of Westfield Chermside Shopping Centre and Prince Charles/Holy Spirit Hospitals. Express buses to the City are available at the end of the street and the Clem7/Airport Link tunnels are also within a 5 minute drive and provide quick access to the Airport, CBD and Brisbane Southside. Being a family friendly location, there are a variety of excellent public and private schools (Wavell Heights State High School, Wavell Heights State Primary School, Padua College and Mt Alvernia College) within a convenient distance of the property.

Key Features:
* All 5 units are fully leased (long leases), have undergone refurbishment over recent years and present to a high standard making them extremely easy to rerent when required going forward
* Units 1-4 each feature and open plan living/meals area, which adjoins a refurbished laminate kitchen. They have 1 bedroom and an ensuite.
* Unit 5 is the largest and includes 2 bedrooms, 1 bathroom and a spacious open plan living/meals area
* Each flat includes a covered car space within a new carport positioned at the rear of the site
* The units are not strata titled and there are no body corporate fees


Quick Facts:

Land size 776m2
Gross Annual Rent $69,420 approx.
Council Rates $4,280 approx.
Water Rates: $3,678 approx.
School Catchments - Kedron State School & Wavell State High School

A summary document of lease profiles, rental income and expenses can be provided on request.

For further information or to arrange your inspection, please contact DANIEL WATERS.