17 Adelaide Street, Clayfield QLD 4011

Phone Enquiry Property ID: 1448 (Quote when calling or texting)

A well maintained, individually strata titled block of 7 air-conditioned units, 15 minutes from Brisbane International airport on approximately 776.4 square metres ; located 6.5 kilometres from the Brisbane CBD and currently returning a total of $2430:00 per week; it is for sale for five million, five hundred thousand dollars. A chance to control an entire building in a great location. Thinking strategically, prices in a nearby suburb are about to rise.
This is a Mumma and Pappa business where the owner lives in one of the two bedroom units and manages and maintains the complex from one of the units which features, Brintons carpets, a marble bathroom, closed circuit TV and an Azmara kitchen; however in the end, its not your eyes that decides.
This building is made up of, (3) three bedroom units and (4), two bedroom units.
Where it is the case that you are seeking to target capital growth and are not overly obsessed with yield... looking to set up your future with a very steady hands-off, extremely low risk property investment on top of the hill in Adelaide street Clayfield, then this is a chance to purchase a 5 and a half million dollar apartment complex where you could set your cash flows with a long term approach. All the current rentals are on a periodic tenancy agreement so the future yield, would be a matter for yourself! Instead of buying a fixer-upper that may require expensive repairs, the economic life of this asset has just been extended and is already in good condition.