This property is a unit in 1/RP109985 Holland Park West QLD. Estimated value at this time is $1,055,000. Constructed in 1920, it has 7 bedrooms, 5 bathrooms.
Better Value, Better Return With More Upside & Long Term Tenants - 991m2 - Must Be Sold! This fully-tenanted complex has two tenants that have been here more than a decade and consists of two two-bedroom, and three one bedroom one-bathroom apartments in a well located cul-de-sac for convenience backing onto peaceful reserve on a massive 991m2 LMR block. Owner has had a change and circumstances and will be selling.Currently 5 Units including:2 x 2 Bedroom 1 Bathroom (Larger than most 2 bedroom units with extra sleep-out)3 x 1 Bedroom 1 BathroomFully Tenanted complex with D.A. Approval in place for 10 Apartments including :2 x 1 Bedroom 1 Bathroom6 x 2 Bedroom 2 Bathroom2 x 3 Bedroom 2 BathroomThere is no body corporate with single title and no problem with further development given the property has received DA approval.The gross rental income is $75,000 per annum at the moment.Located in Holland Park West, nominated as one of the most popular residential suburbs, this property is surrounded by the characteristics that continue to make this suburb grow in prominence & desirability. New caf's and meeting places are continuing to open, close at hand are childcare centres, state and Catholic primary schools, Garden City Shopping Centre, Holland Park Shopping and Caf Precinct, public transport as well as private and state primary and high schools. And only minutes away is easy access to the South-East Freeway and bus way - taking you to the CBD and the Gold Coast.FEATURES:- 5 fully-tenanted units- Two 2 Bedroom and three 1 Bedroom, one-bathroom apartments- No body corporate, single title, easy management- Gross rental income of $75,000 per annum- LMR zoning with D.A. Approval for 10 unit development- 991sq m block- Walking distance to parks, cafes, bus, shops & schools- Cul-De-Sac position in popular locationUnit 1 - $315 per weekUnit 2 - $300 per weekUnit 3 - $280 per weekUnit 4 - $285 per weekUnit 5 - $265 per weekFor further information on the D.A. Approval already in place or to organise your inspection please contact Michael Lanskey on 0402 125 847.