Low Maintenance Investment with High Returns!
Block of Units
1-3 of 17 Eltham Street, Kedron
Note: If not sold by the 2nd of November 2024, the lot will be going to Auction from 10am on the 2nd of November 2024 onsite at 17 Eltham Street, Kedron. The Auction will be live streamed via Realtair with phone and online bidding allowed. The owners will consider all offers prior to the Auction, so get your offers in before time runs out!
This double storey complex was built circa 1975 and is positioned on a prime 542 sqm block (north/south facing). The complex features 3 incredibly spacious apartments (2 x 1 bedroom, 1 bathroom, 1 car; and 1 x 3 bedroom, 2 bathroom, 2 car).
Act now to secure this outstanding investment opportunity! This entire block features 3 separately titled contemporary apartments, ideally located just around the corner from Westfield Chermside Shopping Centre, Prince Charles and St Vincent's Hospitals, and a wide range of amenities.
Assessed market rents for the complex total approximately $93,600 per annum or current rents are approximately $87,360 per annum with Units 1&2 lease renewals fast approaching beginning of 2025 (unit 3 is currently owner occupied).
Units 1 & 2:
The apartments are all large in size and finished with near new neutral paintwork, quality flooring, renovated kitchen & bathroom, air-conditioning and internal laundry space. The car accommodations for each unit are a highly sought-after feature, even though the complex is just a short walk from everything you need.
Unit 3:
This beautifully renovated ground floor unit boasts an open-plan layout with private access to a spacious covered patio and yard. Flooded with natural light, it showcases contemporary finishes throughout. Additional features include air conditioning, a storage shed, a fully fenced yard, and ample outdoor space - perfect for relaxation and entertaining!
This convenient pocket of Kedron is perfectly situated near the Prince Charles and St Vincent Hospital precinct, just 9 km from the Brisbane CBD. You're only a 5-minute walk from Westfield Chermside Shopping Centre, which offers one of Brisbane's best shopping, cinema, and dining experiences. The area is family-friendly, with a variety of excellent private and public schools nearby. Reliable bus transport is easily accessible, and the Airportlink M7 tunnels are just 10 minutes away, providing direct access to the Airport, City Fringe, and Brisbane's southside.
Key Features:
• Double storey complex, built circa 1975 on 542sqm
• All units are individually titled
• The complex is strata titled with an established body corporate
• Assessed market rents of approximately $93,600 per annum
• The apartments are separately metered for water and electricity
Current market rents of approximately $87,360 per annum
o Unit 1: $480/week (Lease 26 March 24 - 31 March 25)
o Unit 2: $400/week (Lease 8 Feb 24 - 10 Feb 25)
o Unit 3: Not Tenanted
Total Body Corporate is Approx. $7,540 per annum which includes admin fund, sinking fund, and insurance levies.
o Unit 1: Approx. $2,238.96 per annum
o Unit 2: Approx. $2,238.96 per annum
o Unit 3: $3,062.08 per annum
We also have a detailed Information Memorandum available for genuine buyers. Please contact Tamara to arrange your inspection or to request additional information.
Disclaimer: This property is advertised for sale/for auction without a price and as such, a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Please do not make any assumptions about the sale price of this property based on website price filtering.
