16 Silva Street, Ascot QLD

This is your opportunity to take ownership of a rare asset in Ascot with holding income and capital growth. Ideal as an investment for a superannuation fund. The units are in excellent condition.

Features Include:
- Whole Block of 6 brick units
- 2 bedroom & 2 Bathroom
- Low risk investment with close to 100% occupancy
- Land size is 877M2 & zoned LMR
- Building site 500m2
- 1-2km to Racecourse Drive and Portside Precinct
- Close to Nudgee Road, Southern Cross Drive and The Gateway
- Excellent proximity & accessibility to bus & train

Modern Ascot

Ascot is a residential suburb of Brisbane, six km north-east of the CBD. It includes the Eagle Farm and Doomben Racecourses, although the nearby Eagle Farm industrial precinct which lies south-east along the Brisbane River is a separate suburb. Ascot is regarded as one of Brisbane's exclusive residential suburbs, its property values consistently ranking among the highest in the state.

The Racecourse Road shopping precinct is today mostly comprised of boutiques and cafes. Planning controls reputedly required new developments to have an 'Ascot look'. An annual Racecourse Road carnival is run in conjunction with the racing calendar, the major event on which is the Winter Carnival held in June. Growth in recent years has been stimulated by the redevelopment of the old Bretts Wharf and Portside commercial port facilities at the south end of Racecourse Road, Hamilton, converted into a luxury residential high-rise and hospitality precinct. The Eagle Farm racecourse and the Ascot railway station are listed on the Australian or Queensland heritage registers, along with Chataeu Nous and several other residences.

Other demographic factors of note are:
- The population of Ascot as recorded in 2011 was 5,750
- 73% were Born in Australia and 85% speak English as there first Language;
- Predominant age group being 34 to 40 years;
- Approximately 30% of the homes are owner occupiers;
- The median house price is $1,000,000;
- The Median 2 Bedroom is $375,000
- Close By Schools Ascot State Primary, Hendra High School, St Ritas, St Margarets

For More details contact Diana Mitchell or Tim Packman