Rare investment returning $2,290 per week in prestigious Clayfield

605 Sandgate Road, Clayfield QLD 4011 AUS

Property Details

Sold $1,800,000

Description

Set on a double block of land only six kilometres from Brisbane’s CBD, this 1950s-built complex is fully tenanted with most of the tenants being long term occupants. Could be further developed or demolished to be redeveloped (STCA). Comprising of seven self-contained apartments, 605 Sandgate Road is brimming with potential.

Updated in the past five years, the property benefits from:
– Flats separately metered for water
– Flats separately metered for electricity
– Opportunity to land-bank or transform the complex into an entirely new dwelling
– All flats are currently tenanted, returning an annual income of $119,080
– Each apartment boasts beautiful timber floors, lofty ceilings and picture rails
– Generous living areas, tidy kitchens, sizeable bedrooms and well-appointed bathrooms in each apartment
– Fully-fenced grassed rear yard with mature gardens
– Rewired and replumbed
– Rates: $1,733.91 per quarter
– Total rental income: $2,265 per week
– $119,080 per annum (for further breakdown on rental income please enquire)

Close to a multitude of shops and dining options, this phenomenal offering is also just minutes from the Clayfield, Wooloowin and Hendra train stations. The Eagle Farm and Doomben racecourses are also nearby, as are Racecourse Road’s fashionable attractions. A number of city-bound bus stops are also easily accessible from this address.

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property Features
  • Block Of Units
  • 10 bed
  • 7 bath
  • 5 Open Parking Spaces
  • Dishwasher
  • Built In Robes
  • Balcony

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