This fully refurbished apartment block on 812sqm, situated in the flourishing inner-city neighbourhood of Annerley, presents a truly outstanding investment underpinned by a strong ROI circa, 5.6% plus p.a. and is the perfect add-on to an investment portfolio.

Current owners have undertaken extensive renovations in the past 12 months including installing a new Colourbond roof, full re-plumbing and new mains power supply. Over $120K was spent on the interiors creating a modern and appealing space for tenants to reside.

The property comprises four apartments all on the upper level and provides covered car-parking assigned to each unit underneath. There are three, one bedroom units and one, two bedroom unit at the far end that has a lockable two-car garage & large storage room attached.

Each apartment features security screened front door, split system air-conditioning and polished timber floors to main living areas. Quality laminate fitted kitchens include stainless steel appliances and provide decent cabinetry space. The bedrooms are spacious and have built-in robes. Bathrooms are fresh and stylish with premium fixtures and full-height tiling.

Shared common areas on ground level include a laundry facility with adjoining storage. Manageable grounds have been well planned with simple lawns and wide concrete areas for easy manoeuvring of vehicles and require minimal maintenance from the landlord.

Enjoying proximity to a plethora of amenity including major employment nodes, transport, schools and shopping centres, and being located only 4km to the CBD, places these neatly-appointed 1 and 2 bedroom rentals in high demand with quality tenants and gives the new owner assurance of continuing low vacancy rates.

Ideally positioned to attract hospital shift-workers being 800m to Greenslopes Private, 1.5km to The P.A. and only 8 minutes’ drive to The Mater Hospital in South Brisbane. It is also only 8 minutes drive to Dutton Park recreation hub for direct ferry links to University of Qld.

The property location highlights include:

– Quiet and convenient community-focussed suburb
– Popular with diverse demographic – students, shift-workers, families & couples
– 1 min walk to local bus stop, shops, cafes & parks
– 3 shopping centres – Woolworths at Annerley, Buranda Village & Coles at Fairfield
– 2 mins walk to Ipswich Road, 4 mins by car to Fairfield Train Station
– Accessible to neighbouring hotspots – The Gabba, West End and Sunnybank
– Newly completed V1 – the Veloway is an extensive dedicated cycleway

An opportunity of this calibre that ticks the box for burgeoning location, solid income return and long-term development potential is rare. Couple this with the unrestrained freehold title and the desirability of this investment is unprecedented.

Owners are motivated and ready to sell to start their next chapter. Don’t wait to secure this superb opportunity today and call for a time to inspect.

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Property Features

  • Air Conditioning
  • Balcony
  • Built In Robes
  • Floorboards
  • Gas Hot Water Service
  • Reverse Cycle Aircon

Location Map