23-25 Gordon Street, Stones Corner QLD 4120

Expressions of Interest Closing Friday 5pm 4th Dec 2020.

A unique offering of a brick constructed complex on two lots (810m2 total) of prime Stones Corner land. Comprising of 6 two bedroom flats, offering the potential to modernise and further increase investment return.

This could be the jewel in your property portfolio.

Apartment Information as follows (updated rental appraisal):

UNIT 1 - 2 Bed 1 Bath 1 Car $320-340 pw
UNIT 2 - 2 Bed 1 Bath 1 Car $320-340 pw
UNIT 3 - 2 Bed 1 Bath 1 Car $340-350 pw
UNIT 4 - 2 Bed 1 Bath 1 Car $320-340 pw
UNIT 5 - 2 Bed 1 Bath 1 Car $340-350 pw
UNIT 6 - 2 Bed 1 Bath 1 Car $350-360 pw

Projected gross yearly rental income = $103,480 - $108,160 p.a.
FY20 gross income = $101,623.57 p.a.

As you can see this block of apartments, in this prime blue chip location, presents a wonderful investment opportunity.

This conveniently positioned property is close to all the necessary amenities, Gordon St is situated South of the river in the prestigious suburb of Stones Corner, just 6km from the CBD and nearby to many major infrastructure upgrades including the Gateway Motorway connecting Brisbane to the North & South coastline.

Features Include:

* Quick and easy access to both the City and the Airport
* Property in good condition with limited upkeep
* Minimal spend to further improve rental yield
* Located next to bus stops and close to city cat ferry
* Ideal for land bank or Superfund acquisition

This fantastic property has been owned within the same family since 2001 and is now a surplus to their requirements and will be sold.

Own your own unit block in Brisbane's elite suburb of Stones Corner.

For further information please contact the team for an Information Memorandum.

Property Disclaimer
We have made our best endeavors to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research. The agent will respond within 24 Hours to all inquiries