FOR SALE
For Sale

52 Hilltop Avenue
Chermside QLD 4032

Bedrooms: 9
Bathrooms: 5
Car spaces: 5
Land area: 809m2
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Chermside - Block of 5 Units in Prime Location with Potential

This Property Is Now SOLD
Act fast to secure this incredible investment opportunity, which comprises a block of 5 strata title units, built in 1982 and positioned on a 809sqm lot with MU2 - Mixed Use zoning. The complex features 5 units (4 x 2 bedroom and 1 x 1 bedroom) all separately leased to individual tenants providing a total gross rent of approximately $97,760 gross pa.
The complex features 5 units (4 x 2 bedroom and 1 x 1 bedroom) all separately leased to individual tenants providing a current total gross rent of approximately $97,760 pa
NEW GROSS INCOME as from 11/06/2024 - $105,560 pa
Unit 1 is on the ground level and includes 2 bedrooms, 1 bathroom. New vanity in bathroom, Fresh paint. New lease to 26 July 2024 tenants paying $430 per week
Unit 2 is on the first floor level front and includes 1 bedroom, 1 bathroom. It has long term tenants lease to 17 June 2024 paying $300 per week - Increase to $350 p/w from 11/06/2024
Unit 3 is on the first floor level middle and includes 2 bedrooms, 1 bathroom. New kitchen, New vanity in bathroom, New carpet and freshly painted. New lease to 4 Sept 2024 tenants paying $450 per week
Unit 4 is on the first floor level middle and includes 2 bedrooms, 1 bathroom. It has long term tenants (16+ years) lease to 17 June 2024 paying $350 per week - Increase to $400 p/w from 11/06/2024
Unit 5 is on the first floor level rear and includes 2 bedrooms, 1 bathroom. It has long term tenants (20+ years) lease to 17 June 2024 paying $350 per week - Increase to $400 p/w from 11/06/2024
All tenants have been issued with a notice of rent increase - please call selling agent phone for more information
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Property Details for 52 Hilltop Ave, Chermside

52 Hilltop Ave, Chermside is a 9 bedroom, 5 bathroom BlockOfUnits with 5 parking spaces. The property has a land size of 809m2. The place is currently for sale with Ray White Chermside.

Building Type
BlockOfUnits
Land Size
809m2

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About Chermside 4032

The size of Chermside is approximately 4 square kilometres. It has 10 parks covering nearly 23.6% of total area. The population of Chermside in 2011 was 8,170 people. By 2016 the population was 9,313 showing a population growth of 14.0% in the area during that time. The predominant age group in Chermside is 20-29 years. Households in Chermside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chermside work in a professional occupation. In 2011, 34.7% of the homes in Chermside were owner-occupied compared with 31.5% in 2016.

Chermside has 7,542 properties.

    There are currently 53 properties listed for sale, and 47 properties listed for rent in Chermside on OnTheHouse. According to CoreLogic's data, 423 properties were sold in the past 12 months in Chermside.

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