Multi-Income Brick Classic on 749sqm
Positioned within 250 metres from the retail heart of Aspley, this dual tenancy, multi-income dwelling is set on a massive 749sqm block and has potential with some minor refurbishment work, to become a high yield cash cow investment.
Already set up for dual living, the property comprises a 3-bedroom, 1-bathroom residence and an attached 1-bedroom, 1-bathroom residence with its own kitchen. The 3-bedroom residence currently rents for $330 per week and the 1-bedroom residence rents for $200 per week. Given the internal proportions and ultra-convenient location, we would expect there to be some reasonable rental upside should some minor works be completed (i.e. internal paint, polish floors, upgrade kitchen in the 3 bedroom side). Alternatively, the property would also appeal to buyers seeking dual living for their parents, or those looking to occupy one side and rent the other for an additional income stream.
Whilst needing a refresh internally, the property is structurally sturdy, has an upgraded colourbond roof, new gutters, new air-conditioning and wide hardwood floors. Being a large 749sqm block, there is plenty of parking onsite and wide side access. A sizeable, detached shed will also suit those seeking a workshop or storage.
The property is in an ultra-convenient pocket of Aspley, within short distance of some quality local schools (including Aspley East State School and Aspley State High School), excellent public transport (bus and rail) and the Aspley retail precinct (Aspley Hypermarket and Robinson Road Market Place). The family friendly location is superb and within easy reach of the Brisbane CBD (12km), Gateway Motorway and Brisbane Airport. Queensland's largest Shopping Centre, 'Westfield Chermside', is just a short 10-minute drive from the property, and provides the ultimate retail, restaurant and cinema experience.
Special features include:
- A massive 749sqm block within 250 metres from the retail heart of Aspley
- Dual tenancies separately rented for $330 per week (3 bedroom) and $200 per week (1 bedroom)
- Solid red brick construction with an upgraded colourbond roof and hardwood floors. The home is in need of a refresh, but this should immediately boost the rental return making this a high yield investment.
- A 3-bedroom, 1-bathroom tenancy and a self-contained 1-bedroom, 1-bathroom tenancy
- A detached shed provides excellent storage and workshop space
A unique offering, this property offers a sturdy, multi-income investment with real upside, in an ultra-convenient pocket of Aspley. Call/email Daniel Waters now to arrange your viewing.
Quick Facts:
Quarterly Rates: $599.31
Land Size: 749m2
Current Rents: 3 Bedroom - $330 per week, 1 Bedroom - $200 per week
Year Built: 1960's
School Catchments: Aspley East State School, Aspley State High School