17 Eltham Street, Kedron QLD 4031

This two storey brick residence offers endless potential for future redevelopment, renovations or just sit and hold whilst the tenants pay off your asset.

Located just moments from public transport, hospitals, schools and major arterial roads, you'll see why the occupancy rate is almost always zero.

The combined rental return is $775.00 per week with all 3 currently tenanted. Unit 1 is located on the top floor and offers a combined lounge and dining area, spacious kitchen with electric cooktop and stove, large bedroom with built-in robe and a bathroom with 2-Pac vanity, shower and toilet.
Unit 2 is also located upstairs and is a mirror image of unit 1 with the added bonus of a built-in dining table.

Unit 3 takes up most of the ground floor and provides a large lounge and dining area with an expansive rear patio area overlooking the leafy backyard.

It also offers a spacious kitchen with electric cook top and stove as well as a walk-in pantry and space for a double door fridge. There's 2 bedrooms with built- in robes and a study which could also be a third bedroom. The bathroom is a great size with separate bath and shower as well as a separate toilet.

Unit 3 also has internal access to the communal laundry area, where all 3 units have space for appliances. Units 1 and 2 have a single undercover car space whilst unit 3 offers tandem undercover accommodation.

The flat usable 615m2 allotment allows for future developments and upgrades while still receiving a healthy rental return.

Full list of property features:

*Flat 615m2 allotment
*3 units with a combined rental of $775 per week
*Unit 1 offers a combined lounge and dining area, spacious kitchen with electric cooktop and stove, extra large bedroom with built-in robe and a bathroom with 2-Pac vanity, shower and toilet.
*Unit 2 is a mirror image of unit 1 with the added bonus of a built-in dining table.
*Unit 3 has a large lounge and dining area opening to an expansive rear patio area, a spacious kitchen with electric cooktop and stove, walk in pantry and space for a double door fridge. There's also 2 bedrooms with built-in robes and a study which could also be a third bedroom. The bathroom is a great size with separate bath and shower as well as a separate toilet.
*Communal laundry area, where all 3 units have space for appliances.
*Units 1 and 2 have a single undercover car space while unit 3 has tandem undercover parking spaces.
*Close to public transport, schools, shops, hospitals & major arterial roads
*All 3 units on one title (not strata-titled)

With an unbeatable location and return on investment, this opportunity is truly not to be missed.

'The Michael Spillane Team' is best contacted on mobile phone to arrange your inspections.