15A Ashgrove Ave, Ashgrove QLD 4060

* Quiet location within a stones throw of commercial hub
* Four stratered units under one ownership
* All units with secure leases in place
* Great potential for redevelopment
* Recently reroofed and painted
* Inspections by appointment only - Call 24hrs

The opportunity to combine a high yield with excellent potential for capital growth rarely comes together under one roof, but it does here. This exciting location is bound to prove a secure investment for an astute purchaser.

Set on a valuable 757sqm this building comprises four units that have been stata titled, delivering a combined net return in the vicinity of $50,000 per annum. Cash flow and income is one side of the coin when considering an investment in real estate. The other side of the coin is identifying a location which offers real potential in the future. Buying within metres of one of Brisbanes most valuable commercial hubs is a secure place to start.

- 4klm from Brisbane CBD
- Land Area approximately 757 sqm
- 4 stratered flats under one ownership.
- Within 300m of multiple bus routes to CBD, 28 minutes by bus.
- Within 50 m of Ashgrove shops, (Woolworths).
-Low to medium density residential zoning.
-Gross yield $59,800 per annum
-Currently all units are in secure fixed term leases.
- 2 x 2 bed and 2 x 1 bed configuration
- High set post war timber construction with covered parking under.
- Recent upgrades include external painting a new roof and laundry facilities.
- Lots of off street parking.
- Potential to improve yield with minor decorations.

This property lies in the heart of eight other properties. It is a site that can be redeveloped now or held as a secure investment for future redevelopment. Opportunities like this are rare and should not be overlooked.

Property Code: 3448