9 Clausen Street MOUNT GRAVATT EAST QLD 4122
$3,600,000

DESCRIPTION

All under a single title this 6 pack of apartments is only 4 years old and sits on a 637m2 block in a sought after location a short walk to both Mount Gravatt State School and Mount Gravatt High. Mount Gravatt Shopping Plaza is 1.2km away and there are many bus routes in the area ideal for students and prospective tenants who work in the city. There are specialist stores including cafe's and restaurants a short walk away. This central location has everything you need and is all within 10km of Brisbane CDB.

An incredible property to add to your investment portfolio with a current return of $242,950 per year*
The sleek design offers 6 different unit types comprising of 5 x 3 bedroom units and 1 x 2 bedroom unit.
Each unit boasts quality appliances including dishwashers and have ample storage throughout. Units 2, 3, 4 and 5 are designed for rooming accommodation with spacious common areas and lockable doors into the bedrooms. Each unit has a balcony space that are different sizes depending on the unit.

Unit 1 - Is a ground floor three bedroom apartment that has been designed to accommodate NDIS tenants. This unit generates $72,000 per year and is a 7 year fixed lease.
Unit 2 - is a three bedroom unit that is currently used as student accommodation and generates $37,180 per year.
Unit 3 - Is a three bedroom unit that is currently used as student accommodation and generates $36,400 per year.
Unit 4 - Is a three bedroom unit that is currently used as student accommodation and generates $37,180 per year
Unit 5 - Is a two bedroom unit that is currently used as student accommodation and generates $25,350 per year
Unit 6 - Is a big three bedroom. This is on a singular lease and generates $34,840 per year.

Each unit has a 5kw system which helps minimise electricity usage. The outgoings are as follows;

Water - $1711 per quarter
Council Rates - $1487 per quarter
Maintenance of common areas - $250 per quarter

Contact your selling agent Brock Ward if you have any questions.

Disclaimer: Whilst every care is taken in the preparation of the information contained herein, we will not be held liable for any errors in typing or information. All information is considered correct at the time of writing and any interested parties should satisfy themselves in this respect.