57 Dixon Street, Auchenflower QLD 4066

**Car access via corner of Burt & Dowling Street**

Owned by the current owners for the last 37 years is this fantastic investment opportunity in the heart of Auchenflower.
With last years' rental returns just shy of $90,000 gross, this property has never disappointed its owners.
A history of low vacancy and long-term tenants is due to this ideal location, being a 4 minute walk from Auchenflower train station, a 4 minute walk to the closest city-bound bus stop, 5 minutes to The Wesley Hospital and only a 10 minute walk to the Regatta CityCat.

Features include;
- Zoning: LMR2. With traditional building character overlay
- Built prior to 1946
- Elevated & breezy position
- Acoustic- sound reducing glass installed on the Milton Rd side windows (double glazing)
- Bike and pedestrian access to Coronation Drive riverside bikeway
- Each self-contained flat has own kitchen, bathroom & is partly furnished
- Own internal laundry in each flat, (except flat 2 & 3 share a secure laundry)
- Individually metered gas & electricity
- 2 entries/exits to each flat
- Low maintenance gardens
- 3 flats have updated kitchens with 2pak cupboards & granite benchtops
- Car spaces not allocated but room for more than 5 cars

* Gross income for financial year ending June 2020
Flats Current rent/week
#1/57 $15,920 1bed $260 (COVID rent) {prev rent $330}
#2/57 $17,155 2bed $295 (COVID rent) {prev rent $360}
#3/57 $15,600 1bed $300
#4/57 $19,500 2bed +study $375
#5/57 $20,280 2bed $390
= $88,455 per annum = $1,620/week

*Outgoings:
* Insurance. $4,069 per annum (Public Liability =$20million)
* Water & sewerage. $1,054/qtr
* BCC rates. $1,047/qtr
* Electricity for communal areas. $100 last qtr.
= $12,873 per annum

= $75,582 net

Flats Lease end date
#1/57 Oct 2020
#2/57 Jan 2021
#3/57 Jan 2021
#4/57 Feb 2021
#5/57 Jan 2021

Close to;
- Auchenflower train station- 350m
- Bus stop to Brisbane CBD- 290m
- Regatta CityCat- 1km
- The Wesley Hospital- 450m
- Brisbane CBD- 4kms

A great addition to your SMSF. Inspect now, better than money in the bank!