17 Lade Street

Gaythorne QLD 4051

The combination of a high yield with potential for solid capital growth comes together under one roof, with this excellent investment opportunity.
Set on a valuable 607sqm, (zoned LMR2) the building comprises four large units offering multiple income streams from the single property.
This risk-free location is superbly positioned on a quiet street just 230m from Gaythorne Station and close by to shops, parks, and restaurants.

- 4 flats under one title.
- Flat 1. Two beds, one bath plus living, kitchen, sunroom, courtyard, and garden.
Leased to 12th July 2025 for $310 per week, (currently appraised for $400 per week).
- Flat 2. One bed, one bath plus living, kitchen, and courtyard.
Leased to 12th January 2025 for $315 per week, (currently appraised for $350 per week).
- Flat 3. Two beds, one bath plus living, kitchen, and a terraced courtyard.
Leased to 14h February 2025 for $285 per week, (currently appraised for $400 per week).
- Flat 4. Two beds, one bath plus living and kitchen.
Leased to 23rd November 2024 for $315 per week, (currently appraised for $400 per week).

- Within 300m of Gaythorne Train station and bus routes to CBD.
- 8 klm to the city centre.
- Potential gross yield approximately $80,000 per annum
-Currently all units are in fixed term leases.
- High set post war timber construction with covered parking and storage under.
- Potential to improve yield with minor decoration of units between leases.
- All flats, (except unit 3), have air conditioning.
- All flats have internal laundry space.
- Individual gas and gas hot water to each flat.
- Rates $1,400 per quarter.
- Water approximately $1,200 per quarter, (option to reduce by introducing water compliance).

This property is surrounded by new development. It offers a solid income stream as well as potential as a future development. Opportunities like this are rare and should not be overlooked.

To arrange a viewing please either call or email to arrange a convenient time.

* Important * Whilst every care is taken in the preparation of the information contained in this marketing, Arthur Conias Real Estate will not be held liable for any errors in typing or information. All information is considered correct at the time of publishing.