22 Soule Street, Hermit Park, presents a rare opportunity for investors seeking solid returns in a prime location. This two-storey, four-unit complex, on one Title with no Body Corporate fees, offers stable rental income with fixed leases in place, making it an ideal investment choice. The property's central position provides easy access to essential amenities, enhancing its appeal to tenants.
Set on a 809m2 corner allotment, this complex has been updated internally over time while retaining charming Queenslander features, such as timber louvres and casement windows, which add character and street appeal. Unique in design this property offers outdoor spaces for all units. The top floor units feature a tiled outdoor area, and the ground floor units feature a large covered outdoor area with sizeable courtyard.
This well-maintained property offers a perfect balance of location, solid rental returns, and timeless appeal, making it a smart addition to any investment portfolio.
Property Features:
No Body Corporate Fees
Council Rates: $4,967 per half year
Current Annual Rental Return: $77,480
Current Rental Appraisals:
•Unit 1 $410 - $430 per week
•Unit 2 $410 - $430 per week
•Unit 3 $380 - $400 per week
•Unit 4 $380 - $400 per week
Projected Rental Appraisal: $82,160 to $86,320
4 x 2-bedroom units – Each unit offers a functional kitchen, living area, built-in wardrobes to bedrooms, bathroom, and laundry. Top-floor units offer an open kitchen & dining space with separate living area. Ground floor units are an open plan design.
Outdoor Spaces: Top-floor units feature a tiled deck; ground-floor units offer a covered outdoor area and generous courtyard-perfect for entertaining or relaxation.
Updated Complex: The property has been updated but retains traditional Queenslander charm, with classic timber details contributing to its aesthetic appeal.
Location Highlights:
Central to Amenities: Just a short walk to parks, public transport, medical centre, childcare, coffee shops, and food outlets.
Convenient for Families and Professionals: A short drive to quality schools, Hermit Park Shopping Centre, medical services, and the city centre.
*Virtual Furniture used for marketing purposes.
Disclaimer: While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies and we accept no liability for any errors or exclusions (including but not limited to a property's land size, floor plans and building age). Accordingly, all interested parties should make their own enquiries and obtain their own legal advice.
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