41 Denman Street, Alderley QLD 4051

The owner's instructions are clear! Highly motivated sellers and all offers will be considered.

Properties of this stature rarely become available to the open market. Positioned in the heart of Alderley this property offers 5 fully-tenanted, self-contained units (3 x 2 Bedroom and 2 x 1 Bedroom) and sits on a level 809m2.

Currently holding a gross annual income of around $78,000. This is an excellent investment opportunity currently producing a higher than average yield. The site is potentially underdeveloped.

The existing income allows you to hold or keep it and/or develop it later as it is currently zoned LMR2. A brilliant location and as an existing product offers the investor an opportunity not to be missed.

This well-maintained unit block currently has 5 units spread over two levels and the car accommodation is on the ground level. The units have been renovated and are light-filled with good sized kitchens including a dining/meals area flowing through to the living areas. The large amount of windows throughout is great for breezes and cross-ventilation. Carpeted throughout, double-size bedrooms with built-in robes, ceiling fans & air-conditioning, A fabulous location for your tenants both for accessibility to work and all amenities.

Features:
809m2 of level land
All great sized units
Not currently strata titled
Bathroom with bath & Designated laundry area
Car accommodation with storage area
Security screens

Buy, Maximise, Hold, Strata-title and sell off or investigate development options. This block of units is 200m from Alderley train stations and is centerally located from the ever-expanding Kedron Brook Road Precinct, Royal Brisbane Women's Hospital, Homezone centre with shopping. Nearby to cafes and restaurants, just 5 minutes to Coles. Handy to primary schools, childcare centres and parkland area a stroll away. Easy access to the Clem7, Inner City Bypass and the M3 to be at the Gold or Sunshine Coasts in around an hour. Less than 15 minutes to the domestic and international airports