19 Darwin Street ASPLEY QLD 4034
Interest from $1,450,000

DESCRIPTION

****This property is available and an information memorandum is available for genuine buyers. Please contact Daniel to register for one of the upcoming private inspections.****

Act fast to secure this incredible investment opportunity, which comprises a block of units positioned on a 751sqm lot, within minutes of the Aspley and Chermside retail precincts. The complex features 3 units (1 x 3 bedroom & 2 x 2 bedroom) all separately leased to individual tenants providing a total current gross rent of approximately $70,200 per annum with short term upside (market rent assessed at approximately $78,000 per annum or higher with a refresh).

Unit 1 comprises a recently refreshed 3-bedroom, 1-bathroom unit with rich hardwood floors, a contemporary kitchen and a tidy bathroom. It has an open plan living/dining area that extends out to an enclosed sunroom.

Unit 2 and 3 are in an original, but neat and tidy condition and include 2-bedrooms, 1-bathroom, an open plan living/dining area and access to a paved courtyard space. A refresh of these units will lift the rental level significantly.

This ultra-convenient pocket of Aspley is within 11km of the Brisbane CBD and within a short 5-minute drive of Westfield Chermside Shopping Centre and the Aspley retail precinct. The Westfield Chermside Shopping Centre now provides arguably the best shopping, cinema and restaurant precinct in Brisbane. Being a family-friendly location, there are a variety of excellent private and public schools within a short proximity of the complex (Aspley State School and Craigslea State High School catchments). Reliable express bus transport is available within walking distance and the location provides easy access to the Sunshine Coast and Airport.
Key Features:
� A solid block of brick units in a very central Aspley location (walk to schools, retail and public transport). The complex includes 3 rented units, providing an approximate annual gross rent of $70,200. Market rent has been assessed at approximately $78,000 and there is scope to further increase this should a refurbishment be undertaken.
� The desirable location, large internal proportions and clean presentation make this an ideal investment opportunity
� Each unit includes a covered car space and laundry
� The units are not strata titled and there are no body corporate fees

Quick Facts:
� Land size 751m2 (with North/South Aspect)
� 3 units (not strata titled
� Current Gross Annual Rent $70,200 approx.
� Market Gross Annual Rent $78,000 approx.
� No Body Corporate Fees
� Current Insurance Premium $1,456 per annum
� Council Rates $1,246.35 per quarter
� Water and Sewerage $889.27 per quarter
� School Catchments � Aspley State School & Craigslea State High School

For further information or to arrange your inspection, please contact DANIEL WATERS.