5 Ricardo Street, Kelvin Grove QLD 4059

A rare opportunity to acquire an entire complex of 6 x 2-bedroom individually titled apartments in a prime ridgetop location
The traditional 1983 constructed brick building is within comfortable walking distance of the QUT Kelvin Grove campus and Biomedical Technology Centre and just a few hundred metres from the iconic Ballymore playing fields.

The property has been well maintained by the current seller and provides an excellent opportunity to secure a sound income producing investment in a highly desirable residential location.

• 6 x 2 bed apartments with 8 lock up garages and 4 off-street visitor car spaces
• 845m2 regular shaped land parcel classified Low-Medium Density Residential (2 or 3 storey mix)
• Two fully tiled security foyers with intercom access to each apartment
• Prime ridgetop position with extensive local views and superb breezes
• Stable long-term tenancies currently returning $116,740 per annum (gross)
• Ideal investment for a passive investor
• Memorandum of Information available on request