* One Title, no body corporate levies, sitting on 711sqm of land
* Property generates over $72,000 Gross income p.a.
* Within the Rainworth State School catchment
Calling all keen investors and budding Landlords; this is an exciting opportunity that will need to be acted upon fast!
Here you have five separate flats on a freehold Title, meaning no body corporate levies, that generates over $72,000 in gross income per annum in one of Brisbane's most affluent inner-city suburbs.
148 Boundary Road currently comprises of a 1 x 2 bedroom flat, 2 x 1 bedroom flat and 2 Studio Apartments that are rented on a variety of short and long-term leases. All flats include split-system air-conditioning, security screens and have access to a communal laundry and yard.
As per a Town Planning Report (available upon request), 148 Boundary Road is zoned Commercial Character', so the existing building may be used for a range of non-residential purposes as accepted development, if complying with all acceptable outcomes in Section A of the Commercial Character Building (Activities) Overlay Code. Accepted development does not require a town planning development application. Such uses are as follows:
a. Club
b. Community care centre
c. Community use
d. Educational Establishment
e. Health Care Service (e.g. dental clinics, medical centres, natural medicine practices,
nursing services, physiotherapy clinic, etc.),
f. Office (e.g. bank, real estate agent, administration building, etc.);
g. Shop (e.g. hairdresser, boutique, department store, corner store, etc.)
h. Veterinary Service
From this address it is just a hop, skip & Jump to some of the best things Bardon and the inner-city have to offer; French Tarts Patisserie, Norman Buchan or Rainworth Park, Rosalie Village, Toowong Village, public transport or Paddington's Latrobe and Given Terraces. This is a rare find with so much opportunity on offer- call Judi or Michael today.
The size of Bardon is approximately 4.9 square kilometres. It has 20 parks covering nearly 25.4% of total area. The population of Bardon in 2011 was 9,256 people. By 2016 the population was 9,491 showing a population growth of 2.5% in the area during that time. The predominant age group in Bardon is 40-49 years. Households in Bardon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bardon work in a professional occupation. In 2011, 72% of the homes in Bardon were owner-occupied compared with 73.6% in 2016.
Bardon has 4,063 properties.
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