8 Miles, Clayfield QLD 4011

*Floor plan available on request*

Set among luxury homes with city and mountain views this blue chip investment represents an incredible opportunity for the discerning buyer. This block is ideal for renovations, or subdivision with a 19.9m2 frontage. The property offers incredible city and mountain views.

Currently consisting of five strata-titled units the property offers a magnificent opportunity for long term capital gains with exceptional weekly income.

Property features - Four x two bedroom, one bathroom units. A massive family sized four bedroom plus office top floor apartment. Courtyard level two bedroom, one bathroom apartment - could be used as home office or caretakers unit.

Located in a quiet elevated street only 4kms north of the city, and just a short stroll to Albion’s emerging lifestyle precinct.

Rental Income:
- 4 bed, 2 bath, 2 car $550 per week
- 2 bed, 1 bath, 1 car - $320 per week
- 2 bed, 1 bath, 1 car - $350 per week
- 2 bed, 1 bath, 1 car - $350 per week
- 2 bed, 1 bath, 1 car - $350 per week
- 2 bed, 1 bath (courtyard or caretakers apartment) - $240 per week

Total: $112,320 pa approx

Outgoings:
Common electricity $264 pa approx
Rates $396.50 1/4 x 5 $1,980 pa approx
Water $396.29 x 5 $1,980 pa approx
Insurance $1,500 pa approx.

Total: $5,724 pa approx

Features include:
- Massive top floor 4 bed plus office 2 bath 2 car unit with views
- Prime location
- Elevated 810sqm block with city and mountain views
- Consistent low vacancy rates
- Generous lock up garages and storage areas
- No body corporate fees
- Short walk to Albion train station and Albion Village
- Eagle Junction State School Catchment