49 Erneton Street, Newmarket QLD 4051

Located in the ever popular and constantly developing suburb of Newmarket. Set in a convenient street this unit block of 5 units has a lot of potential on offer.

Easily accessible to so many options, the Newmarket Train Station is 290m away and Brisbane CBD is only 5.7km. The property lies within the Newmarket State School catchment for Primary students and the popular Kelvin Grove State College catchment for senior students

5 spacious units consisting of:
1 x 3 Bedroom, 1 bath (ground floor unit) + 1 car garage
2 x 2 Bedroom, 1 bath + 1 car garage
2 x 1 Bedroom, 1 bath + 1 car garage

All units are in responsible condition but you can add value by renovating. 12 month leases in place on all units varying with 6 -12 months remaining. A very stable experienced property management team look after the entire block currently.

Current rental return is $1300 per week
Brisbane City Council rates $1562.41 per quarter
Block size is 809m2 and zoned BR4.
Block dimensions 20.1m x 40.4m
Unit block is not currently strata titled.

The block next door has recently been developed with 12 units, dont miss your opportunity to make the maximum potential or simply sit on this nest egg. These units would make the perfect addition to any property portfolio.

This unit block is in a prime location:
290m to Newmarket Railway Station (13mins to Central, 5 stops)
600m to Newmarket Village (including Coles, Cinema & Newmarket Hotel)
5.7km to Brisbane CBD
School Catchments: Newmarket State School (800m) & Kelvin Grove State College (2.6km)
QUT Kelvin Grove campus 3km

Contact Hayden Flouch today, for your private inspection of this outstanding opportunity.