Perfect opportunity presents itself here to increase your investment and/ or Development portfolio with these 2 x 759m2 blocks (Total 1,518m2) next to each other, with a total of $900/wk of rental income which equates to $46,800 per annum.
There are 3 separate dwellings in total currently across these 2 blocks. There is potential for shared or rooming accommodation (subject to council approval) perfect to house uni students or professionals working close to the city. The closest example can be seen at 23 Albert St which is 1,012m2 with independent rental units in high demand. Plus the blocks had no flood dramas in 2011.
If a development is approved and built here, it will provide a solid rental return for your investment in an area that has a huge rental demand as it is located close to the train station and very close to the major arterial roads. It also is very close to the Rocklea markets and the Brisbane Golf Course.
It is located 14 Mins from the Brisbane City with just a 15 min walk from the Rocklea station.
11 Albert street has a 3-bed, 1 bath character home.
15 Albert Street has is a 2-bed plus sunroom with 2 toilets, 2 showers, single garage.
It also has a registered granny flat as a second dwelling 1-bed with open plan kitchen and living, bathroom and separate laundry on separate power. Both blocks are on the same plan number as separate lots.
Don't miss out on this superb opportunity.
Contact Warren or Paul today for more info or to make an offer.
Disclaimer - All information and suggested development options contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. All listed development options above require the buyer's own due diligence and are subject to satisfaction of the subdivision code & subject to council approval.