$286,500
4 Bed • 2 Bath • 1 Car • 223m²
New
Sold
Sold
65 Nicholas Street, Ipswich QLD 4305
$286,500
- 4Bed
- 2Bath
- 1 Car
- 223m²
House Sold on Fri 3 Nov, 2017
What's around Nicholas Street
House description
“INNER CITY INVESTMENT - 7% GROSS RETURN”
- Prime Ipswich CBD dress circle property consisting of 2 x 2 bed flats
- Stucco exterior with iron roof
- Secured with long-term tenants
- Dine-in kitchen area
- Original condition
- 223M2 Block
- Combined income of $460 per week
Every now and then you get a property that offers something unique to an astute buyer and you just know that the phones are going to ring off the hook. I think my latest property is that exact opportunity.
There are 2 x 2 bedroom flats on the one title, so no Body Corp Fees, with very long term tenants in place who have just resigned 2 (two) year leases. Each flat comprises of 2 bedrooms, lounge room, dine in kitchens and bathroom with the bonus of new hot water systems in both. The back flat has the additional bonus of the car port which is located on the side of the front flat.
Surrounded by local Professional offices, the potential is definitely here for you to convert the front flat into a Solicitors office or a Financial Planners office and still draw rent from the back flat. (Subject to all Council Approvals)
Now I am not going to pretend that these flats could definitely benefit from some TLC. However if you left your tenants in place for the term of their leases, it would give you plenty of time to research your next move while still drawing income.
Located on the rim of the Ipswich CBD, the property is within very easy walking distance to the local restaurants and speciality shops in the Ipswich Mall. The local RSL Club is just down the road and there is a bus stop around the corner.
If you are looking for a long term investment, then you need to ring and make an appointment to view this property for yourself.
Land details
What's around Nicholas Street
Contact the real estate agent
Lyn Armit
First National Real Estate - Ipswich
Send an enquiry
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