132 WATERWORKS RD
ASHGROVE
ASHGROVE
THE ULTIMATE CASH COW – 5 STRATA TITLED UNITS ON 1189M2
It is hard to find a good return when it comes to residential real estate, but this cash cow is a standout exception. As solid as they come, this cavity brick dwelling comprises 5 strata-titled units nestled on a glorious 1189m2 allotment.
Conveniently located just 500m to Ashgrove Central and 4km to the Brisbane CBD, this versatile piece of real estate is blessed with more options than a Swiss army knife. Generating a consistent income stream, the superbly maintained dwelling consists of 4 x 2-bedders, 1 x 1 bedder and undercover car accommodation for 5 vehicles.
Highly sought-after by prospective tenants, this block of units enjoys high occupancy rates and proven returns. With potential to further increase the yield, it represents a secure investment opportunity with the option to individually sell off units in the most robust apartment market Brisbane has ever seen. This is sure to appeal to you entrepreneurial spirit - don't we all love a deal.
- 1189m2 block with 17.8m frontage
- Solid cavity brick block of 5 strata-titled units
- 4 x 2 bed, 1 bath units & 1 x 1 bed, 1 bath unit
- Under cover car accommodation for 5 vehicles
- 4 of 5 apartments renovated with new kitchens & bathrooms, unit 3 in original condition
- Current gross income $105,000 per annum with scope to increase by 15%
Contact Peter D'Arcy on 0412 738 009 for more information.
