Income-Achieving Investment, Rebuild Or Landbank For Later
Situated on a large 708m2 allotment, this rare 1960s-built post-war block of three x 1-bedroom flats offers a raft of opportunities for discerning Bardon buyers. Options include the ability to remove the existing building to construct your dream home (STCA), hold the valuable land and watch its capital growth, or maintain the already present income stream from the three, currently tenanted units.
Positioned in a fabulous location that has exceptional proximity to frequent city-bound bus services, parks, sporting facilities, bikeways, cafés and schools, whether looking for that perfect house site for your family or an easily managed rental prospect without ongoing body corporate levies, this leafy Bardon address is sure to tick several boxes.
Currently returning a combined income of $1065 per week, with leases in place until January/February 2025, this is an unbeatable acquisition opportunity, allowing you the time, if you wish, to explore the varied options that best suit your needs.
With a touch of mid-century design, each simple light-filled unit features dual access, an air-conditioned living area, gas cooking in the kitchen and a large built-in bedroom and bathroom. Various modern refreshes have been carried out over the years, including updates to floor and window coverings, cabinetry, bathroom fittings and appliances.
There is undercover parking for several vehicles via the driveway, a quintessential Hills Hoist in the back yard and a private-use laundry and storage area under each flat. The block enjoys a treed outlook to the rear and provides plenty of space to entertain.
Bardon State School and St. Joseph's Catholic Primary School are a short walk away and the nearby bus stops for the 375 Translink route take you through central Bardon and past Paddington's retail, restaurants and Suncorp Stadium, continuing direct to the CBD, less than 6km away.
Features of this property include:
- Post-war block of 3 flats on a large, leafy 708m2 allotment
- Exceptional location walking distance to schools, bus, parks, cafés
- Options to retain and continue to rent out, landbank or remove existing building to construct your family's dream home (STCA)
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