106 Oates AvenueHolland Park QLD 4121
Property Details for 106 Oates Ave, Holland Park
106 Oates Ave, Holland Park is a 6 bedroom, 3 bathroom Unit with 4 parking spaces. The property has a land size of 685m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (May 2022)
All Offers Prior To Auction Will Be Seriously Considered
This astute investment comprises 3 x 2 bed flats and has a projected rental return of $55,125 per annum. The low maintenance, brick flats are on an elevated, corner 685m2 block of land that has potential for city views.
Centrally located in a pocket of Holland Park undergoing rapid revitalisation and redevelopment, the land is LDR zoned and has a high Council value, offering significant potential for the future while the flats provide a strong holding income.
- Flats are brick veneer construction
- All flats feature spacious light filled layouts, well proportioned, practical kitchens, sizeable bedrooms, 2 entries
- Each flat has under cover off street parking, garaging for 4 vehicles
- Potential for addition of secure, individual storage areas for each flat off designated parking area
- Cosmetic internal renovations of flats would add considerable value
- Always occupied, Units 1 and 3 have long term tenants
- Assured strong capital growth
- Less than 8 kms from the CBD, the property has effortless access to it via its close proximity to direct bus transport
- Inside the Seville Rd State Primary school and Cavendish Rd High catchment
- Moments to Greenslopes Hospital, 2 university campuses, Seville Rd caf precinct, Coorparoo Square restaurant and cinema complex
- Whites Hill Recreational Reserve is in proximity offering walking tracks, playing fields and parks
SCHEDULE OF TENANCIES
- Unit 1 - 2 bed, 1 bath $305 per week, ending 23/3/22
- Unit 2 - 2 bed, 1 bath, $300 per week, ending 17/2/22
- Unit 3 - 2 bed, 1 bath, $280 per week, periodic lease
- Gross Rental income $46, 462 per annum
- Projected Rental income $55,125 per annum (3 x $350 per week)
OUTGOINGS
- Rates $1,271.41 per quarter excl sewer/water
- Insurance $2, 565 per annum
This property is being sold by auction or without a price and therefore a price guide cannot be provided.
Property History for 106 Oates Ave, Holland Park, QLD 4121
- 12 Feb 2022Sold for $1,320,000
- 26 Jan 2022Listed for Sale Auction
- 26 Nov 2018Listed for Rent $300 / week
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0About Holland Park 4121
The size of Holland Park is approximately 3.1 square kilometres. It has 17 parks covering nearly 9.1% of total area. The population of Holland Park in 2011 was 7,848 people. By 2016 the population was 8,116 showing a population growth of 3.4% in the area during that time. The predominant age group in Holland Park is 40-49 years. Households in Holland Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Holland Park work in a professional occupation. In 2011, 61.7% of the homes in Holland Park were owner-occupied compared with 61.3% in 2016.
Holland Park has 3,476 properties.
Suburb Insights for Holland Park 4121
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