52-54 Thomas Street, West End QLD 4101

This exciting Investment opportunity is being offered for sale for the first time in 25 years, two detached multiple tenancy buildings in the heart of West End.

52 Thomas Street West End:
Two level building consists of 4 x 2 bedrooms flats.

54 Thomas Street West End:
Two level building consists of 2 x 2 bedroom flats on upper level and 4 x 1 bedroom studio units on the lower level.

These properties are conveniently located within walking distance to many of the amenities of the area that include transport, coffee shops and cafes, schools both West End State School and Brisbane State High School.

Rental income is definitely on the lower end of the rental market in West End as it was included in the Affordable Rental Scheme in 2008, however this scheme is now completed. The shrewd investor will capitalise on this opportunity to increase the yields that are currently shown below.

Gross Income: $149,240 per annum

Expenses:
Rates, Water, Insurance,
Maintenance, Property Management
$34,360 per annum

Net: $114,880 per annum

Land Content: 668 square metres
Zoning: CR2 Character (infill housing)
RPD: Lots 22 and 23 on Registered Plan 11163
Price: By Negotiation

Inspections strictly by Appointment ONLY.