5 Silkwood Street, Algester QLD 4115

Rare Opportunity to Make CASHFLOW and CAPITAL GROWTH!

Situated in the heart of Algester 4115, EACH UNIT offers (see floor plan):
* 2 bedrooms with built-in-robes
* main bathroom
* kitchen with natural gas cook top
* combined meals and family areas
* laundry
* carport
* small patio
* courtyard

Courtyards are private areas with Unit 1 having the biggest courtyard, followed by unit 2, then unit 3.

The carport (3) is shared and there are also visitors car parking for two (2).

Each unit is finished with:
* air conditioning
* security screens to doors and windows
* hot water serviced by natural gas
* perimeter fencing

INVESTOR'S CORNER
No Body Corporate fees
Units have not been strata titled and sold as one (1) title
Land size 830M2
Owner organise mowing twice per month in summer and once per month in winter ($60 each mow)
No easements
Block of units faces north
Built in 1989 with rendered brick and colorbond roofs
Property is professionally property managed by an agency
Each unit is leased at $310 per week (total of $930 per week rent)
Leases are fixed period leases.
Brisbane Council Rates $1,095 per quarter
Urban Utilities $180 per quarter + consumption ($585 last quarter)
Property is Water Efficient and tenants are charged for water consumption
Property is smoke alarm compliant

PUBLIC TRANSPORT
100 metres to bus routes P129, 130 131, 135, 136, 829
Access to three (3) Train Stations within 4kms - Sunnybank Station, Runcorn Station and Banoon Station
Access to Logan Motorway and Gateway only 5 mins drive

SHOPS & SERVICES
100 metres to local Ridgewood Shopping centre (bakery, asian supermarket, medical service, pool care and more); and only 2-5kms to Central Park Shopping (Post Office, liquor store and more), Drakes Shopping Centre; Calam Central and Sunnybank Hills Plaza.

SCHOOL CATCHMENT ZONES
This property is in the catchment zone for excellent schools at Algester Primary School and Calamvale Community College.
Additional schools in the local area include St Stephen's Catholic Primary School, Wisdom College, Stretton State College.

This property will suit an investor who is looking for positive cashflow AND capital growth. Algester's median price is $505,000 and still has room to grow to catch up to it's neighbouring suburbs of Calamvale, Parkinson and Sunnybank Hills.

Call for further information and inspections are by appointment.

Disclaimer:
All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.