71 Samford Road

Alderley QLD 4051

Auction Location:ON SITE A unique investment or development opportunity, complex of 7. This is the first time the property has come onto the market in over 30 years. Under pinned in value by 1002sqm of prime LMR land, low vacancy rates and a location that is so tightly held, this is the perfect opportunity to kick start your portfolio in 2018. The complex; * 6 x 1 bedroom, 1 bathroom flats * 1 x 3 bedroom, 1 bathroom flat * Large laundry room for each flat with ample storage * 7 double lock-up garages * Additional resident or visitor car parking out front * Mainly long-term tenants * Currently fully tenanted * Returning $99, 580 gross * 1002sqm of low to medium density (LMR) land A location second to none; * Just over 300m walking distance to Alderley Train Station * Prime position located 6 km to CBD * Under 200m to the Alderley Coles and shopping precinct * Brookside Shopping centre only 2.5 km away * Quick trip to Royal Brisbane Hospital Your choice of options; * Land bank * Capitalise on the rental returns * Update internally to increase your rental yields * Develop the generous lot of land The astute investor, self-managed super fund or developer will realise the potential of this land rich property and the opportunity to further increase value through renovations. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Disclaimer This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes